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BITO @ $39 Jun '24I feel increasingly isolated among the growing crowd of bears but I believe BITO has formed a textbook flag pattern. My argument: Following a sharp move upward, beginning 3/14 (6 weeks from the time this was published), price has declined in 3 drives forming a clear channel but didn't break the 50% retracement level while volume has steadily declined during the formation of the flag. If I'm correct, a movement similar to the one that makes the flagpole would put the price right at the .382 level which I believe further supports my argument. Full disclosure: this is all based strictly on technical analysis and I have limited experience in dealing with crypto or it's derivatives so there could be something I'm missing. It's entirely plausible that I'm completely wrong but I'd appreciate any feedback from the community
AMEX:BITOLong
by Scuba_Steve56
6
Bitcoin Price Keeps Rejecting the $65K Pivot Point Bitcoin ( CRYPTOCAP:BTC ) price rejection from $65,000 resistance continues after failure to reclaim it as support. Even after the halving traders anticipated a rapid surge to about $70k Pivot but Bitcoin ( CRYPTOCAP:BTC ) keeps swinging between the $63- GETTEX:64K level. There is a liquidity pool below $60,000 which continues to act as a yardstick for CRYPTOCAP:BTC in maintaining market balance. Bitcoin ( CRYPTOCAP:BTC ) price is highly volatile lately, provoking a broader market crash as it plummeted to the $62,000 range on Thursday. Meanwhile, reverberations from spot CRYPTOCAP:BTC exchange-traded funds (ETFs) continue to influence the market. SEC delays decision on spot Bitcoin ETF options trading The US Securities & Exchange Commission (SEC) has delayed a decision on whether or not to allow options trading on spot BC ETFs. It originally meant that they needed more time to review and analyze the proposal. The SEC may have concerns about potential risks, market manipulation or other regulatory issues associated with introducing options trading on these ETFs. Any delay in such a scenario is common as the financial regulator works to ensure investor protection and market integrity. However, markets will be poised to wait for further updates from the US Securities & Exchange Commission (SEC) or the relevant parties involved in the proposal to understand the reasoning behind the delay and any potential implications for investors. According to Glassnode an on-chain market intelligence firm, the Bitcoin network hash rate is still rising, which points to ongoing investments in mining infrastructure. A strong mining hash rate is crucial for Bitcoin's security, making network attacks more challenging. Technical analysis: Bitcoin ( CRYPTOCAP:BTC ) price drawn to liquidity pool below $60,600 technically, Bitcoin ( CRYPTOCAP:BTC ) price continues to get rejected from the $65,600 resistance level. It comes after multiple failed attempts to reclaim above it and flip the level into support. Enhanced profit booking could see Bitcoin ( CRYPTOCAP:BTC ) price dip into the said liquidity pool. This will happen if the Relative Strength Index (RSI) continues to record lower highs. Traders are likely to sell or take a bearish position on CRYPTOCAP:BTC when this happens, which would enhance the downtrend. In a severe condition, Bitcoin ( CRYPTOCAP:BTC ) price could slip below the liquidity pool under the $60,000 psychological level, with the next line of support presented by the 50-day Moving Average (MA) at $54,689. A deviation of this lagging indicator to the downside would signal an extended fall. Apparently, if the bulls leverage the ongoing correction as a buy-the-dip opportunity, the Bitcoin ( CRYPTOCAP:BTC ) price could recover.
BINANCE:BTCUSDLong
by DEXWireNews
4
BITCOIN on institutional price actionhello dear trader and investors there are two senario for bitcoin senario 1 : if price close below LL on 59077 this patren will be activated ( can can + fake out ) institutional price action …. after collect some liquidity on the yellow area senario 2 : if price close above HH on 73700 price can hit 89000 and 92000 without any liquidations … Bitcoin(BTC) Drops Below 63,000 USDT with a 4.62% Decrease in 24 Hours On Apr 25, 2024, 13:19 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,995.980469 USDT, with a 4.62% decrease in 24 hours .good luck mehdi
by mehdi_kb
Bitcoin TA - Upside Zones, Downside DCA Zones, Key LevelsWelcome to my Bitcoin TA where I go thru just the chart from a high level looking for areas of trading opportunities. The foundation of this whole video comes down to this: I'm of the opinion Bitcoin will get above 100K. So I'm doing TA on where to put my entry zones. - 1st Entry hit at 59,872 I'm out of all swings and also looking for swing entry zones. I've shared this chart with all drawings organized in folders and such. I keep this updated and will share on future updates. This covers all VCs, significant levels, anchored vWAPs, key pivots, and more, all organized in the object tree: www.tradingview.com Here's what we cover in the video... If Day RDA holds The first thing we cover is if the current test of the Daily RDA holds what the upside trade looks like. I identify the upside zones and key levels that I would watch and trade around. The RDA ( RexDog Average with ATR ) is a bias and reaction zone indicator found here on TV, usage in description. Pull Back Scenarios and DCA areas RDA Week Projection Print - We cover the upside print of the week projection of if the all-time high is broke where we can expect the market to hit. Immediate market view - I also dive into the immediate Market View using the 30 minute time frame, which I call the structure time frame. the key element there is that we are right at the mid control for the day. Bias and Momentum - from here we cover buy us a momentum from a daily and weekly time frame. Current Value Channel - we also talk about the key levels of the current value channel that BTC is trading within. Anchored vWAPs - I also dive into anchored V waps from significant highs and significant lows. one of the major things that came about in this analysis was we are in a fight between the most recent significant high and low anchored vWAP. those levels couldn't be any more clear RSI Signal Zones - we also dive into the RSI signals and the triangle pattern. currently waiting for a green triangle to complete the triangle pattern otherwise it looks like based on the RSI we could see more downside. Best Crypto Trading Timeframe - I also share the single best time frame to trade crypto on especially for swing and long-term trades.
INDEX:BTCUSD
by RexDogActual
BTC ☀️ & Bullish Vibes On the Horizon. $70K Again? The cryptocurrency trend was mixed over the past 24 hours, as investors await the quarterly results of a series of tech giants later today and this week. The price of Bitcoin rose 0.6 percent to $66,490 over the past 24 hours. This is 10 percent below its all-time high, Trading View’s Bitcoin chart shows. “I think we’re just getting started and bitcoin is going to have a great next 12 months,” Bitwise analyst, Ryan Rasmussen, is quoted as saying by Bitcoin.com. However, the regulatory risks should not be underestimated, he added. A bullish sun shines over most of the global crypto market in the next 24 hours. Tropical trading conditions prevail over Bitcoin, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow us for more crypto weather reports and crypto news!
BITSTAMP:BTCUSDLong
by ATTMO
Bitcoin on the Brink: Bollinger Bands Hint at Potential Price BrBitcoin, the world's most popular cryptocurrency, has been exhibiting some intriguing technical signals lately. The cryptocurrency's volatility indicator, the Bollinger Bands, has narrowed significantly, reaching levels last seen in mid-February 2024. This development has sparked speculation among analysts about a potential price breakout for Bitcoin (BTC) in the near future. Bollinger Bands Explained: The Bollinger Bands is a technical analysis tool that measures price volatility. It consists of three lines: a simple moving average (SMA) in the center, and an upper and lower band plotted at a specific standard deviation distance above and below the SMA, respectively. The wider the bands, the higher the volatility; conversely, narrower bands suggest a period of compressed price movement. What Does the Narrowing of Bands Indicate? When the Bollinger Bands contract, it typically signifies a period of low volatility or consolidation. This can be interpreted in two ways. One possibility is that a breakout is imminent, with the price poised for a significant move in either direction – up or down. The other possibility is that the current price range may hold for a while longer, with continued consolidation. The Mid-February Precedent: The current narrowing of the Bollinger Bands is particularly interesting because it mirrors the situation observed in mid-February 2024. Back then, the bands contracted to a similar degree, and it was subsequently followed by a price surge that saw Bitcoin climb above $50,000. This has led some analysts to believe that history might repeat itself, with another price breakout on the horizon. Is a Breakout Guaranteed? However, it's crucial to remember that technical indicators, like Bollinger Bands, are not crystal balls. While they can provide valuable insights into potential price movements, they don't guarantee future outcomes. Several factors beyond technical analysis can influence the price of Bitcoin, including: • Market sentiment: Overall investor confidence towards cryptocurrencies can significantly impact Bitcoin's price. Positive sentiment can fuel a breakout, while negative sentiment could lead to a downward price movement. • Regulatory landscape: Government regulations and policies aimed at cryptocurrencies can create uncertainty and impact investor decisions. • Major news events: Significant global events, such as economic downturns or geopolitical tensions, can influence the price of Bitcoin as investors seek alternative assets. What to Watch Out For: Given the inherent uncertainty, investors should closely monitor these additional factors to gauge the direction of a potential breakout. If positive market sentiment coincides with the Bollinger Band breakout, we could see a significant surge in Bitcoin's price. Conversely, if negative sentiment prevails, the breakout might be short-lived, or it could even lead to a price correction. Conclusion: The narrowing of the Bollinger Bands is a noteworthy development for Bitcoin, suggesting a potential breakout on the horizon. However, investors should exercise caution and consider broader market factors before making any investment decisions. By combining technical analysis with a well-rounded understanding of the cryptocurrency landscape, investors can position themselves to potentially capitalize on Bitcoin's next price move.
CME:BTC1!Long
by bryandowningqln
BITCOIN POTENTIAL CHANGE IN STRUCTURE (18h)Based on historical backtest of trade strategy. 18H BTC HEIKINASHI If the candle closes at or above the indicated value of the purple line as shown, typical trade is 23 bars with and average profit of 8.18%. This would be a longer term/higher time frame change in structure for BITCOIN. 60k double bottom is still in uptrend. Lower time frames are consolidating, then higher. Currently the price has traded into the the 66k zone, nearly confirmed in the 50% retracement of the Fib. from the 73.6k high. An 18hr buy signal would conclude 70-72k price targets and likely new all time high possibilities. *** STILL PENDING AN 18HR CANDLE CLOSE ABOVE THE PURPLE LINE ***** Will update if / when the signal is initiated feel free to message for signal settings
CRYPTO:BTCUSDLong
by Ace_of_Waters
1
Bitcoin Rebound as War Fears Subside, Bullish Technicals EnsueBitcoin, the world's leading cryptocurrency, has embarked on a significant rally in recent weeks, defying predictions of a prolonged slump triggered by the Russia-Ukraine conflict. As war fears recede, investors appear to be regaining confidence in the digital asset, propelling its price upwards. Several factors are contributing to Bitcoin's resurgence: • Waning War Threat: The initial market panic triggered by the outbreak of the war has subsided somewhat. While the conflict remains a concern, hopes for a potential diplomatic resolution have bolstered investor sentiment. This has led to a broader risk-on environment, benefiting Bitcoin alongside other asset classes. • Technical Breakout: From a technical analysis perspective, Bitcoin appears to be breaking out of a bullish continuation pattern known as a bull flag. This pattern typically indicates a period of consolidation following a strong price increase, followed by another leg up. The recent price action suggests a potential breakout from this pattern, which could fuel further gains. • New Support Level: The recent price dip found support around $66,000, establishing a potentially new floor for Bitcoin. This level of support indicates increased buying pressure at that price point, which could prevent further significant declines. • Limited Downside Risk: Analysts point out that compared to its all-time high of over $69,000, Bitcoin's current price represents a relatively limited downside risk. This, coupled with the potential for further upside based on technical indicators, makes Bitcoin an attractive proposition for some investors. Is the Rally Sustainable? While the current momentum is positive, questions remain about the sustainability of Bitcoin's rally: • Macroeconomic Uncertainty: The broader macroeconomic environment remains uncertain. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin. • Regulatory Scrutiny: Regulatory scrutiny surrounding cryptocurrencies continues to be a concern. Increased government oversight could potentially stifle innovation and adoption, impacting Bitcoin's long-term prospects. • Volatility Remains: The cryptocurrency market is inherently volatile. Despite the recent rally, Bitcoin's price could experience significant fluctuations in the future. Investors should be prepared for this volatility and maintain a risk-tolerant investment strategy. Looking Ahead The future trajectory of Bitcoin remains to be seen. While the recent breakout from the bull flag pattern suggests potential for further gains, several factors could impact its price movement. Investors should closely monitor geopolitical developments, macroeconomic data releases, and regulatory pronouncements related to cryptocurrencies. Despite the uncertainties, Bitcoin's recent rally demonstrates its potential as a volatile yet potentially high-reward asset class. As the cryptocurrency market matures and gains wider acceptance, Bitcoin's long-term prospects remain intriguing. However, careful consideration of the associated risks is essential before investing in this volatile digital asset.
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC - ☀️ & Bullish Potential For The Next Week A very strong sun shines over Bitcoin and Chainlink in the next 24 hours, indicating some upside potential lying ahead. Other altcoins, including Ether, Ripple’s XRP and Cardano will also profit from this bullish trend, while Litecoin and Uniswap face bearish clouds. These sunny bullish trading conditions should prevail over the cryptoverse the coming week, as leading tech companies will announce their quarterly results. Avalanche, Binance Coin and Uniswap won’t profit from this bullish mood and face bearish clouds, which signal downside risks. “A massive supply shock is coming. With the Bitcoin halving, miners can now only produce 450 BTC each day. The ETFs in the US have bought up around 3,214 BTC on average each day. This number could increase significantly when Hong Kong ETFs start trading,” the crypto profile Lark Davis said. Analysts at leading banks disagree on whether the price of Bitcoin will continue up following Friday’s halving. Deutsche Bank expects prices to “stay high due to expectations of future spot ether (ETH) ETF approvals; future central bank rate cuts; and regulatory changes” but do “not expect them to increase significantly,” Bitcoin.com reports. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
$NFP Breakout Double Bottom Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern: 1. **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of two consecutive troughs (lows) with a peak (high) between them. The lows are approximately equal and signify a possible reversal in the downward trend. 2. **Confirm the Pattern**: Before initiating a trade based on the double bottom pattern, it's essential to confirm its validity. Look for several signs to confirm the pattern: - Volume: Ideally, the volume should decline as the pattern forms and increase when the price breaks above the confirmation level. - Symmetry: The two troughs should be roughly equal in depth and width, forming a "W" shape. - Price Breakout: Wait for the price to break above the peak (high) between the two troughs, confirming the pattern. 3. **Entry Point**: Enter a long position (buy) once the price breaks above the peak (high) that separates the two bottoms. Some traders prefer to wait for a slight pullback after the breakout for a better entry point. 4. **Stop Loss Placement**: Place a stop-loss order below the lowest point of the double bottom pattern or slightly below the breakout level. This helps to limit potential losses if the pattern fails to hold, and the price resumes its downtrend. 5. **Take Profit Target**: Calculate the distance between the lowest point of the pattern (the bottom of the "W") and the peak (high) that separates the two bottoms. Then, project this distance upwards from the breakout point. This distance can serve as a potential target for taking profits.
Long
by Crypto-Adda_Official
1
$RLC looks amazing for a midterm Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern: **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of two consecutive troughs (lows) with a peak (high) between them. The lows are approximately equal and signify a possible reversal in the downward trend. **Confirm the Pattern**: Before initiating a trade based on the double bottom pattern, it's essential to confirm its validity. Look for several signs to confirm the pattern: ` - Volume: Ideally, the volume should decline as the pattern forms and increase when the price breaks above the confirmation level. - Symmetry: The two troughs should be roughly equal in depth and width, forming a "W" shape. - Price Breakout: Wait for the price to break above the peak (high) between the two troughs, confirming the pattern. ` **Entry Point**: Enter a long position (buy) once the price breaks above the peak (high) that separates the two bottoms. Some traders prefer to wait for a slight pullback after the breakout for a better entry point. **Stop Loss Placement**: Place a stop-loss order below the lowest point of the double bottom pattern or slightly below the breakout level. This helps to limit potential losses if the pattern fails to hold, and the price resumes its downtrend. **Take Profit Target**: Calculate the distance between the lowest point of the pattern (the bottom of the "W") and the peak (high) that separates the two bottoms. Then, project this distance upwards from the breakout point. This distance can serve as a potential target for taking profits.
Long
by Crypto-Adda_Official
BITCOIN BUYBitcoin, the pioneering cryptocurrency, has been a subject of fascination and speculation since its inception. As of April 20, 2024, several factors are converging to potentially drive its value higher, making it an enticing investment opportunity for many. (1) Adoption by Institutions: Over the past few years, there has been a significant increase in institutional adoption of Bitcoin. Major financial institutions, including banks and investment firms, have started offering Bitcoin-related services to their clients. This trend is expected to continue as more institutions recognize Bitcoin's potential as a store of value and hedge against inflation. (2) Regulatory Clarity: Regulatory uncertainty has long been a concern for cryptocurrency investors. However, as governments around the world develop clearer regulations for cryptocurrencies, it provides a sense of legitimacy and stability to the market. Investors are more likely to feel confident in investing in Bitcoin when regulatory risks are mitigated. (3) Technological Innovations: The Bitcoin network continues to evolve, with developers constantly working on improving its scalability, privacy, and security. Layer 2 solutions like the Lightning Network enable faster and cheaper transactions, making Bitcoin more practical for everyday use. These technological advancements enhance Bitcoin's utility and attractiveness to both investors and users. (4) Global Economic Uncertainty: Economic uncertainty, fueled by factors such as geopolitical tensions, inflationary pressures, and volatile stock markets, often drives investors towards alternative assets like Bitcoin. As a decentralized digital currency, Bitcoin is immune to the whims of any single government or central bank, making it an attractive hedge against economic instability. (5) Halving Events: Bitcoin's supply is capped at 21 million coins, and its issuance rate decreases over time through a process called "halving." Approximately every four years, the reward for Bitcoin miners is halved, reducing the rate at which new coins are introduced into circulation. Historically, these halving events have been associated with significant increases in Bitcoin's price, as they reduce the rate of supply growth, leading to increased scarcity. (6) Market Sentiment: Market sentiment plays a crucial role in determining the price of Bitcoin. Positive news developments, increased media coverage, and growing interest from retail and institutional investors can create a bullish sentiment in the market, driving prices higher. As Bitcoin becomes more mainstream and accepted, positive sentiment is likely to continue fueling its upward trajectory. In conclusion, the landscape for Bitcoin appears promising as we approach April 20, 2024, with a confluence of factors pointing towards a potential increase in its value. However, it's essential for investors to approach cryptocurrency investment with caution and diligence.
BITSTAMP:BTCUSDEducation
by Pro-Trading-Africa
$CKB performing Falling wedge in 4hr TF Keep eyes on it Sure, here are three key points on how to trade in a falling wedge pattern: 1. **Identify the Falling Wedge:** Look for a downward sloping trendline connecting the lower highs and a second trendline connecting the lower lows, creating a wedge shape. The price should be gradually narrowing within this pattern, indicating a potential reversal. 2. **Wait for Confirmation:* * Wait for confirmation of a bullish reversal. This can be signaled by a breakout above the upper trendline of the falling wedge pattern, accompanied by increased volume. This breakout validates the pattern and suggests that buying pressure may be overcoming selling pressure. 3. **Set Stop Loss and Target:** Set a stop-loss order below the lower trendline to limit potential losses in case the trade fails. Determine a target price based on the height of the wedge pattern, measured from the initial high to the low within the wedge, and project that distance upward from the breakout point. This provides a potential profit target. Remember to always manage risk and be cautious of false breakouts by waiting for confirmation signals before entering a trade.
Long
by Crypto-Adda_Official
2
$ENA Breakout Falling wedge in 2hr TF ** XETR:ENA Breakout Falling wedge in 2hr TF ** Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. - Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support). - The pattern resembles a wedge pointing downwards. 2. **Confirm the Falling Wedge:** - Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease. 3. **Wait for Breakout:** - Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge. - The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout. 4. **Entry Point:** - Enter a long (buy) position as soon as the price breaks above the upper trendline. - Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts. 5. **Stop-Loss Placement:** - Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge. 6. **Target Price:** - Determine a target price based on the height of the wedge. Measure the distance from the widest part of the wedge to the starting point of the wedge and project that distance upwards from the breakout point. Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
Long
by Crypto-Adda_Official
Bitcoin - Dont Fear The Dip MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level but should go lower when ready. This is a bullish structure and dips are buys, when these dips happen BTC can start its move higher . This needs to be watched carefully. BTC To The MOON Please watch the video for more information
COINBASE:BTCUSDLong
by MartyBoots
BTCUSD | MT Long H4 | Continuing The Run-Up?Pair: HTX:BTCUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1 and H1 time-frames - Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal trendline - Price is close to 32.8% Fib retracement Level - Targeting to trade this position between the Supply-Demand zones as shown with the Horizontal Trendlines Fundamental Confluences for Trade: - Market stabilization from geopolitcal risks and US's strong economic data is happening and may bring back risk appetite - Fiscal dominance concern on the USD may see people try to buy BTC as a store of value (IMO, still not a store of value but as long as the market feels so, I'll go with it first) - Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the BTC fall Suggested Trade: Entry @ Area of Interest 61,500 - 63,500 SL @ 59,843 TP 1 @ 62,648 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 68,838 Risk-to-Reward @ Approx. 2.20 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BINANCE:BTCUSDLong
by weekendanalyst