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Bitcoin-btcusd

BITCOIN - Hold Fire For Now, Take Profits and Wait For...In this video, I delve into the distinction between trading and analysis, highlighting why it's crucial to occasionally step back and regain composure when things start to veer off course. I recount a recent experience where I found myself in such a situation, and how I managed to exit with a profit, opting to wait until clarity returned to the market. Within us lies both a rational mind and an instinctual one, and at times, they vie for dominance. By attuning ourselves to these fluctuations, we cultivate the ability to pause and detach until our logical faculties guide us back into a trade. Beware of succumbing to impulsive trades driven by the instinctual mind.
by AriasWave
1
Bitcoin Future LevelsI was having a conversation with a trader on my social media and he was sharing future projections of Bitcoin INDEX:BTCUSD with a parabolic curve. This is easy to draw using past major lows going higher and also with the fundamental force of the Halvening presumed to begin in earnest now or soon. My feedback to him is that perhaps the obvious thing to do now is draw a parabolic price trajectory... but the market rarely does the obvious. My trading thesis, though wrong at present, has been that the Halvening is so expected and planned upon to the utmost... it will defy consensus like market events tend to do. As a technical trader... I see price move from level to level respecting them partially or fully. Having stopped at one level for the ETF launch, then then conquering it, it is now at the 52.1 level. The next being 55.4 (weak but notable), after that 64.9, and conquering that level price will be very much guarantee price will be pulled up to the ATH. Seen is the prior ATH break, one week after, before the last parabolic rise. When there is a big, fully closed bullish bar, from the prior ATH, parabolic projections may commence. Doing so before that is premature and can lead traders to overleverage the "sure thing". Sure, waiting for something like this runs the risk of FOMO, but it is far more probable thing to bet on.
INDEX:BTCUSD
by norok
3
BITCOIN - I Realise Now That This Is A BULL TRAP!!!I've concluded that the current Bitcoin trend resembles a bull trap preceding an impending recession. Regrettably, I too was ensnared, initially believing it signaled the beginning of another bullish market. However, I now realize my error. In my forthcoming video, I'll delve into the rationale behind this assessment and share strategies for capitalizing on the long trade during Wave 5 of Wave (C) when it appears imminent.
Long
by AriasWave
1
Bitcoin H1 | Potential bullish bounceBitcoin (BTC/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 51,540.34 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 50,637.73 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Take Profit: 52,861.36 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci extension level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:BTCUSDLong
by VantageMarkets
Bitcoin: Resistance Test and Key Support InsightBitcoin's recent market activity has painted an optimistic picture as it ascends towards the 4-Day chart's 0 Fibonacci retracement level. However, it's currently facing resistance at this pivotal mark, with the price hovering around $50,879. This level is critical; a convincing break above could pave the way for a push towards the 1.618 Fibonacci extension level, indicating a robust continuation of the upward trend. The daily chart reveals the price nestled at the upper Bollinger Band, typically a sign that the market could perceive Bitcoin as overbought, which often precedes a retracement or sideways movement. Such a pullback would not be out of character for Bitcoin's volatile nature, especially after a strong upward move. The Bollinger Bands also provide a visual representation of the volatility and potential support levels, with the lower band suggesting a significant support zone around $39,152.80, which aligns with historical resistance now turned support. Fundamental indicators add depth to this view, with the MACD histogram at 670.46, showing strong bullish momentum, but also warranting caution for any signs of reversal which could be preempted by a shrinking histogram. The substantial volume of 17.83K BTC indicates a serious commitment behind the recent price movements, lending credibility to the current levels. In sum, while the bullish momentum for Bitcoin is clear, traders should watch for consolidation or a slight pullback due to the overbought conditions suggested by the proximity to the upper Bollinger Band. The lower band and the SMA at 49,937.20 offer support zones that could be of interest for those looking to enter on dips. A vigilant eye should be kept on volume fluctuations and the MACD for early signs of trend changes as Bitcoin tests these crucial levels.
by MonoCoinSignal
4
BITCOIN just made the most important 1W closing of this Cycle!Bitcoin (BTCUSD) made last week a closing that is going under the radar by the market. The closing of the last 1W candle was made above the 0.786 Fibonacci retracement level from the November 2021 All Time High (ATH). But why is that of such a significant value? Because every time in BTC's history it closed a 1W candle above the 0.786 Fib of the ATH, the price never closed below it again. In fact we can claim that for every past Cycle, such a 1W closing is the final confirmation for the start of the Parabolic Rally. It has to be noted that after such closing, Bitcoin made new ATH in maximum 2 months! That suggests we could see a new Historic High at the time of the Halving! Are just starting the new rally? 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
35
Bitcoin: 52K High New Wave Count.Bitcoin has pushed the 50K resistance area and peaked in the 52Ks. The recent bearish pin bar has signaled a swing trade short which is not following through (no surprise there). Over the coming week it is within reason to see a retest of the 48K area support. This is the price location where a high probability swing trade long setup can appear and where I am preparing for a signal. In my previous articles, you will notice that I had a "B?" in the 46 to 48K resistance area. That was what I was waiting for the market to confirm, but the market never confirmed. We got a resistance break and run to 52K instead. A move like this calls for a new wave count which you can see on my chart now. This illustrates an important point: you cannot get married to wave counts because the market does whatever IT wants to do. One drawback to wave counts is you have to relabel after the fact. They only serve as a basic guide that the market will either confirm or NOT. The new wave count presents an impulse wave with 3 legs complete, with a potential 4th wave developing. This implies there is one more wave higher which can lead price into the 55K or 60K areas over the next few weeks (IF it follows through). This impulse would actually be the 5th wave (which I thought was completed at the previous test of 50K). This also means once 5 waves are complete, the probability of a broader corrective wave to follow becomes greater. At this point, the plan is simple: WAIT for retrace to 48K area support and look for buy signal on larger time frames. IF this opportunity unfolds I will point it out to my members along with the other parameters such as stop and take profit prices. The broader Wave C (monthly) that I have been pointing out in recent articles is also a LOW probability scenario unless or until the 40K support is broken. Again the key to this game is knowing how to adjust to new information, NOT getting stuck on opinions. The market changes and we must change our expectations with it if you want to be aligned with the probabilities. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
59
BITCOIN - Are You Bullish Or Bearish? Bitcoin is at a very interesting level at the moment. We are months away from the next Bitcoin halving. The general consensus is that Bitcoin halving events are positive for the price of Bitcoin, and historically they have been. The event often generates optimism among crypto investors, leading to positive price action afterward. We are anticipating price to come down to atleast our review area. Once there, we will look at our price action is developing and if it appears we are correcting for a move higher, we will be looking for a buy setup. If price breaks below the 32k, we will be looking at sub 20k for our load up zone for the next bullish move. Either way, we will be able to catch the next bullish move for Bitcoin! What do you guys think? Do comment below and let us know. Good luck and as always, trade safe!
INDEX:BTCUSD
by WicktatorFX
5
BITCOIN - Wave Count Rethink - My Wave D Breakout Theory...In this video, I delve into my Wave D Breakout theory. Upon recognizing the potential for this phenomenon in XLM, it became evident to me that both assets need to breach a specific level. However, upon achieving this, they are likely to encounter rejection. So, what does this scenario imply in terms of wave dynamics? My analysis suggests that we'll witness an expansion of the corrective phase within Wave D for both cases.
Long
by AriasWave
BITCOIN TO $289,000 - Wave 3 Of Wave (C) In Progress...Here's my latest analysis on Bitcoin, with a target around $289,000. While I use this number for perspective, it's worth noting that the price could potentially surpass it. However, it's crucial to recognize that the upward momentum is finite, and as the mania intensifies, many will be drawn into the market before a significant downturn occurs. Across all cryptocurrencies, we're still witnessing a bubble phase, a phenomenon present in various markets. Embracing these bubble phases offers us a chance to capitalize before the true bull market emerges. I'll share another long trade idea as I observe the waves unfold further at higher levels, as I anticipate we're on the verge of entering an extremely bullish phase.
Long
by AriasWave
2
Things Are About To Get Spicy For Bitcoin and Crypto! In comparison to previous bull cycles this rally from the depths of 15k on bitcoin sure has taken its sweet time. It's quite often the opposite when crypto is in a bull market. The last rally from 25k to 48k was a bit more of the personality we are use to. So is bitcoin geared to moon to new All time highs? It certainly continues to increase its probability to do so and it's about to come up on its next inflection point where it can shift its probability even further, or decrease it. In the short term I'm projecting a pullback to 48k to 47.5k. It's at this area depending on how we react that I'll look to project whether price moves down to 40k or a new ATH! That's a pretty pivotal inflection point we're coming up on... one that can give near certainty to a new ATH being created. If you want to stay tuned for when that confirmation comes then make sure to follow this channel and boost this trade idea. To your success, Schyler
Short
by NewWave_Traders
Here Is How Bitcoin Can Develop Its Way Up!Hello, Traders Investors And Community, we are approaching a historical date the next time, not more than 10 days left before the third bitcoin halving will launch, in this purpose, there are some important signs which I detected in the daily bitcoin chart and which will affect the bitcoin price action the next time. In the last halving-cycles, we had a first initial small dip after the halving and initiating the whole market-cycle before going up and providing a heavy bull-market. In this current moment, we can see a similar mechanism as the supply which is causing after the halving pushing the price a little bit down and after that higher. According to this subject, I made an analysis which I recommend you to watch. When looking at my chart, you can see that we are approaching the upper resistance a third time in a row now, the last days we tested the resistance line a third time and had a generic pull-back which is normally after testing such a rising trend-line, currently, we see bitcoin testing the level on a short-term basis a second time and as we can see the price begins to struggle in this area, this is why it is within the possible spectrum that bitcoin will setup for a stronger pull-back, this initial pull-back is highly matching with the halving cycles and the resulting fractals already mentioned. When bitcoin falls below the 8320 zones I see a high possibility for a continuation to the next meaningful support-zone which is at the 7330 levels, not only do we have there the 38.2 % Fibonacci-support but also the support formed in the previous up-trend with its highs formed in the up-trend. If we do approach this level it will highly likely confirm as support and therefore get us back up! When this does not happen the next support is at 6030 which is the 61.8 % Fibonacci-Support. The fact that we are trading in a 312-day old consolidation phase, which is not little for bitcoin makes it clearer that bitcoin will have a heavy breakout in the middle-to-long-term-perspective. Also what we can see here and is important in this structure is the big broadening wedge which is forming here and could confirm when we are approaching higher from the 38.2 % Fibonacci-support. What is amazing is that it is also matching with the halving-cycles. It is one more factor in the schedule to decide bitcoins outcome. Friends we should always look at the highest possible outcome and for now, it is in the potential for bitcoin to move higher above the falling huge resistance-line. After we get above this resistance-line the overall broadening wedge is confirmed and the logical target, therefore, will be the range between 12600 and 13800 which you can see marked in my chart with the box. Before that happens we have a fundamental support/resistance level that has to be taken out. Bitcoin is in a historical situation where it has to decide the next step and if it is going to break like expected. The broadening wedge scenario has to be confirmed rightly! Before that, we can not wether bitcoin begins to struggle again or the main target at 12600 and 13800 will be in play! Therefore we need to keep patient and look at the chart with a clear head not fall for the illogical approach in the markets many people falling into. Trading is always about elevating the highest possible outcomes and therefore trading these accordingly, at the moment there are some good signs which playing into the scenario of a breakout to the upside but there is still a potential possibility for downside remaining as the middle-term trend is still weak which shouldn't be ignored! In this manner, thank you for watching the analysis, will be great when you support for more market insight! “Price is what you pay. Value is what you get.” FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
19
Can Ripple Manage To Trade Above Resistance Or Fall Back Below?!Hello friends, welcome to this analysis about ripples current middle-to-long-term price action and where we are advancing the next days and weeks, hopefully, everybody is doing good in these markets we are facing today. I made already an analysis of the ongoing subject with ripple where the important resistance we are still having in ripple is mentioned, I highly recommend to you that you go to my account and look on it to have a full-depth-overview about the things going on in ripples price-action we currently see. As I mentioned there ripple will confirm it as resistance and will have a hard time coming over it when this possibility should play out. Unlike other cryptocurrencies like ethereum or bitcoin we can see now really really different signs at the moment in ripples price-action. Unlike to other cryptocurrencies, ripple didn't make a higher high which exceeded the previous high made, currently, it is still trading under this high which first of all is a sign that ripple is more bearish then the other leading cryptocurrencies. Firstly ripple has to come above the strong resistance level which you see in my chart marked with the blue box, this level still serves as the major resistance level and cant be ignored in the structure, as you can see it bounced several times to the downside from that level, this mechanism can happen again. On the other side, we have some worthwhile signs currently happening on the indicational side where I detected a fractal forming in the past price-action together with the MACD movement. There we could see a bear-fakeout which happened before we had this strong-up-move to the high at 0.34681. The fractal providing first the faster moving line crossing the slower moving line down and then rapidly to the upside providing a fake-out which served as an exact indicator for the trend-change to the upside. Exactly that same fractal is happening now which can be the next confirmation of the fractal signaling a continuation to the upside. Now puzzling all these signs together we can expect ripple to decide the next days where it is going with the overall trend and if it is confirming greatly to the upside or falling back again to the downside. When ripple manages with the current possibility given to confirm to the upside it needs to trade with a close above the blue resistance level you can see in my chart also it needs some good volatility and a clear break when this scenario should happen, if it happens I see a high probability for a continuation to the Fibonacci-resistance at 0.23041 you can see marked in my chart with the grey line. Otherwise, when ripple does not serve to come above the resistance we can contemplate ripple to visit the underlying support level you see in the chart marked with the green box. When this happens we need to look forward if ripple confirms this range of stable support or show more decline to the downside. The current situation is a situation in which ripple has to decide where it is going and therefore we have to wait and then spot the reversal or continuation by when it is happening and take the needed action to trade the opportunity resulting from the confirmed scenario therefore trade ripple in the right direction. We currently cant say that this or that scenario will happen for sure and that ripple will hit the moon soon or fall to nearly-zero, that is mere speculation we see at mass today and has nothing to do with elevated market-decision-making. The only thing a wise and motivated trader should do is to keep patients in the market and keep the logical approach to trade the movements with the highest possibility for a profit. Sometimes it is waiting time and now we need ripple to show us the right price-action which will be confirmed as mentioned. Thanks for watching the analysis, feel free to support my friends, have a good rest of the weekend. Success comes from elevated concentration on the projected goals FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
15