Bitcoinidea
Bitcoin : Phoenix or Ashes at $5286 ? Bitcoin Life Cycle Part 1
Technical Analysis of the 91-Day Key Time Frame:
Trend: Bitcoin is in an uptrend.
1. Pullback to the Blue Demand Zone: Currently, we are experiencing a pullback to the higher low of this uptrend, marked by the blue demand zone. Previously, blue dashed line was broken, indicating the lower high of the uptrend, leading to a significant bull run towards the 60k mark.
2. Anticipated Drop: According to basic trend analysis, pullbacks are expected. To support this view, running the VRVP indicator on the entire lifecycle of Bitcoin suggests even lower targets than what I claim based on my analysis.
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NOTE : Please remember to consider the time frame of each analysis to avoid any potential misinformation. Additionally, please note that every prediction shared is an idea for my personal reference. These predictions may have been previously posted or could be shared in the future. Thank you for your understanding.
BTC - Bearish for SHORT TERM🐻Hi Traders, Investors and Speculators of Charts 📈📉
After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs.
Furthermore, it is crucial to take into account the occurrence of a multiple bearish patterns in the daily (short term) timeframe including a double top, Head and Shoulders pattern and Bearish M patterns.
These technical chart-analysis patterns typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence.
NOTE that although I am still bearish for the SHORT term, I remain bullish in my macro perspective.
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From the Fibonacci Retracement Macro perspective, we can see the price is still in the upper resistance zone; right underneath the 1.618. What we DO NOT want to see from the monthly timeframe is a close UNDER the support at roughly $25K. This would drive the price down to find more buying pressure around $20K.
BITSTAMP:BTCUSD COINBASE:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT BITGET:BTCUSDT CRYPTOCAP:BTC GEMINI:BTCUSD BINANCEUS:BTCUSDT PHEMEX:BTCUSDT
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CryptoCheck
[ BTC ₿ ] Set for a Pullback? ↘️- BTC Monthly candle is set to close in 6 Days and it appears to be closing as an engulfing candle
- This current weekly candle has 4 days left to close. We have confirmed momentum already as the 3 previous weekly candles are bearish
- The weekly timeframe is rejecting the June 6th,2022 Weekly Resistance Level at ( 30,000$ )
- Our Last Daily Level 26,749$ has just seen a large Daily engulfing candle close strongly below it
-We may observe here on the line chart that the price is dribbling downwards and the bears appear to be in charge at least in the short term here
- The first target for shorts being ( 24,309 $ ) Daily Zone & Weekly S/R Zone
- Shorts target for June is ( 22,009 $ ) Weekly Zzone
Bitcoin Analysis for long Position! i did BTCUSDT Analysis on 15M and 1H TF!
Wait for the Breakout and i have clearly mentioned the Take profit 1 and TP2!
Breakout and Retest will be a strong Signal!
Do watch for volume and i don't believe in indicators only price action & volume is the key!
BTCUSDT Analysis on 15M and 1H time frame ⏰.
STOPLOSS IS MUST! and depends on your portfolio!
THIS IS NOT A FINANCIAL ADVICE. JUST SHARING MY IDEA WITH YOU GUYS.
Trade safe. :)
Next week - High Potential buying zone on BTC BINANCE:BTCUSD CRYPTO:BTCUSD
I'm continuing my analysis on the Bitcoin BTC/USD market, I'm expecting this high setup buying zone mentioned on the chart.
As you can see, we're in the liquidity zone (trend channel), so I expect this channel to be broken and after filling the imbalance below, then the price will tap on the order block to go higher.
I'd just like to mention that the market is expecting some big news this week (CPI, PPI, FOMC).
Trade at your own risk.
Follow for more
Bitcoin Prediction- I have been saying that the support of trend lines corresponding to numbers
1 to 5 would be strong, so this is a good entry point to take a long position.
However, I want to warn you not to trust it too much
because this support line will likely be broken in the future.
- Scenarios like numbers 1, 2, and 4, where the trend line is
precisely supported and followed by an upward movement, should have occurred.
- However, number 3 broke the trend line slightly and eventually dropped by about 2k.
- Similarly, number 5 also broke the trend line slightly, so there is a possibility of a decline of about 2k.
→ Cut short if it surpasses 26,400 / Long buy between 23,700 and 23,400.