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BTC : Long($50,506) or short(17000) ?Technical Analysis: Bearish Analysis: Price is currently within a 3-day supply zone. If it breaks below $29,786.90, I expect a bearish trend with targets at $25,214 and around $17,000. Bullish Analysis: A bullish breakout occurs if the price surpasses the current supply zone, starting at $31,037. Targets for bullish momentum are $50,506 and $64,965. Personal Perspective: I personally anticipate a bearish move towards $17,000 based on trend analysis. Feedback and Updates: Your analysis as feedback is appreciated. We recommend you to follow TrendSailor everywhere for timely updates on new ideas, Forex/Crypto/Stock market pair ideas, and my daily trade results. Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
INDEX:BTCUSD
by UnknownUnicorn14930146
5 REASONS why BlackRock will make Bitcoin Rally!Last week, we had a huge development for crypto investors. Bitcoin really rallied… And the price rise, was largely based on BlackRock's application to establish a US Bitcoin Exchange-Traded Fund (ETF). BlackRock, Inc. is an American multinational investment management corporation, that serves clients in over 100 countries. . It is one of the world's largest asset managers with assets approximately worth over $9 trillion. Now BlackRock has a great track record when it comes to filing Exchange Traded Products (ETPs). They have had 575 successful applications out of 576 attempts. Now that BlackRock has applied for a US Bitcoin ETF, there are a couple of reasons why this could help boost the price and the value of Bitcoin. 1. It Boosts Bitcoin’s credibility An ETF application from a company as respected as BlackRock is definitely going to provide even more legitimacy and credibility to Bitcoin as an investment. This will attract more investors, institutions and companies to invest in the Bitcoin ETF, which will push the price up. 2. Easier to access Bitcoin If BlackRock’s Bitcoin ETF is approved, this is going to make it easier for both institutional and retail investors to gain exposure to Bitcoin. And they’ll be able to gain exposure to the coin without even needing to buy, store, and secure the cryptocurrency themselves. People prefer to trust trusts, right? Moving on… 3. More volume and liquidity for Bitcoin BlackRock will open the gates of even more volume for Bitcoin. In fact, the Bitcoin ETF would increase Bitcoin's liquidity by getting more participants to trade the asset. And when there’s more volume, demand and buying – we can expect higher prices for the underlying coin. 4. FOMO for other firms You realise that this will set a huge precedent for other trusts and firms. BlackRock's move could encourage other financial institutions to adopt and create their own similar Bitcoin products into their own financial systems. 5. More trust for Bitcoin I know this is a double-edged sword argument. But I believe Bitcoin should be regulated under legitimate and transparent authorities. Last year we saw how many cryptocurrencies buckled under low management. We saw how many firms were laundering people’s money and faking their own accounts to make them seem profitable. So, we tested the unregulated and decentralised system – and it failed horribly. With this Bitcoin ETF being adopted into BlackRock, we’ll see it being reviewed and looked over by the right authorities like the SEC. This will help provide a better safeguard for investors and will boost confidence in the asset.
OANDA:BTCUSDLong
by Timonrosso
1
Bitcoins Next Price TargetBitcoins next price target, before some more meaningful resistance, is likely to be in the range of 35.7k - 36.8k. Their is confluence of fib levels in this range. The 0.382 fib level measured from the all time high to the bear market low, and the golden pocket level (0.618 - 0.65 fib level) measured from the next macro high during the bear market to the bear market low. We also see a bigger spike on the VPVR (Volume Profile) becoming active at this target. More volume was previously traded at this target level and these areas on the VPVR can act as support or resistance levels. This level is marked out with the white dotted line and it lines up with the 0.382 fib and the 0.618 fib. We can also do an AB = CD pattern to calculate a measured move. This is useful when a move is made to the upside (in this case) and then corrects back to the 0.5 Fib (corrects 50% of that initial move). The measured move is then the same length as that initial move to the upside but starting at that 0.5 FIb level. This is shown with the initial move being from 19.6k - 31k (first white dotted line). We then corrected back to 24.8k (50% of the initial move). The measured move from 24.8k (second white dotted line) is the same length as the initial move giving us a target of 36.3k. This is in line with those fib levels and the spike on the VPVR. When their is confluence among different indicators it increases the likely hood of being a key level.
BITSTAMP:BTCUSDLong
by Mamocoin
Bitcoin's Life Cycle Part 2 : Bull or a Myth ?In my previous post, I made it clear that Bitcoin had entered a downtrend, with an approximate target of $5K based on the data I analyzed within a 91-day timeframe. In this second part, we can observe the continuation of the downtrend, as evidenced by significant price breaks below a strong support level indicated by the grey box on a 34-day timeframe chart. For me, the rejection range lies between 41k and 62k. The confirmation point will be when the 2-day timeframe chart becomes overbought. Trade entry confirmation will only occur at a key breakout, and I will notify the precise entry point when it happens. Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade. Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
BITSTAMP:BTCUSD
by UnknownUnicorn14930146
Bitcoin is ready to sky rocket!Bitcoin has just broken up and out of the Falling Wedge. The momentum to the upside is strong and it looks like we have other indicators showing confirmation. With Moving Averages 7>21>200. (Bull market) With the RSI it's above 50 (Green and bullish) It has also broken out of an uptrend, which tells us the Falling Wedge is acting as a Continuation Pattern. My first target is $36,000. This is just an update from the previous analysis I did on Bitcoin.
OANDA:BTCUSDLong
by Timonrosso
BITCOIN: What Happens Next to the Crypto Market?WisdomTree has filed with the US Securities and Exchange Commission for a spot Bitcoin ETF. The company describes the proposed investment vehicle “WisdomTree Bitcoin Trust” as an ETF that will be listed on the Cboe exchange BZX under the symbol BTCW, according to a June 20 filing. WisdomTree's ETF — or any other spot Bitcoin ETF — will give institutional investors access to the value of Bitcoin without investing directly in the cryptocurrency. WisdomTree filed a very similar ETF in 2021. CboeBXZ then filed a proposed rule change in January 2022 to support WisdomTree. The SEC rejected that rule change in October 2022, citing problems with inadequate surveillance-sharing agreements and protections against market manipulation. WisdomTree's latest filing comes just days after asset management giant BlackRock filed a Bitcoin ETF. While BlackRock's filing has yet to be approved, some are optimistic about the company's ability to provide a satisfactory surveillance-sharing agreement. Bitwise has also filed for a Bitcoin ETF for immediate delivery after BlackRock. Some rumors suggest that Fidelity is planning a spot Bitcoin ETF, although those rumors have not been verified. The SEC has yet to approve any spot Bitcoin ETFs in the United States.
BINANCE:BTCUSDShort
by Sphyn-Trader
Bitcoin cryptocurrency market has surpassed 50%Today I want to talk about an exciting news related to Bitcoin (BTC). Bitcoin's dominance in the cryptocurrency market has surpassed 50%! This means that the majority of investors are putting their money into BTC. Bitcoin is the first and most popular cryptocurrency asset, and its growing dominance signifies that more and more people recognize its potential. There are several factors that attract investors to Bitcoin, including its limited supply (21 million BTC), high liquidity, and a history of stable value growth. Considering these factors, investors are looking for opportunities to purchase Bitcoin during market pullbacks. It's common for investors to seek buying opportunities when the price drops to $24,000 and then anticipate a rise to $35,000.
Long
by CHOWTRADE
BTC Shockwave Alert: Unveiling a Potential 21.93% Dump Technical Analysis: A pullback is evident in the 2-day chart, indicating a potential further decline. You can view the chart here. The 16-day chart also shows a pullback, which could impact the possibility of reaching the all-time high of $200k (a dream worth chasing!). You can see the chart here. It is advisable to refrain from initiating long positions unless there is a significant breakout beyond the 32k level. Please feel free to share your analysis and insights to enhance the shared idea. Additionally, your comments to know stop loss updates would be appreciated.
Short
by UnknownUnicorn14930146
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. Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade. 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.
INDEX:BTCUSDShort
by UnknownUnicorn14930146
Bitcoin -> The Wegde Is BreakingHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin now finally retested and already started to reject a quite nice previous weekly resistance area which is now turned support at the $25.000 level. You can also see that weekly market structure and moving averages are still bullish, in my opinion Bitcoin also already created the bottom of the last bear market and is now ready for more bullish moves, so I simply do expect a rejection away from the support zone. On the daily timeframe you can see that Bitcoin is still trading in a falling wedge formation and just retested the lower support trendline towards the upside - I am now just waiting for a breakout and a break above the $26.000 level before I then do expect another rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
INDEX:BTCUSDLong
by basictradingtv
33
FINALLY NOW WE CAN SEND IT Honestly, my first idea on BTC was totally on point I will add the link below and the sale was fruitful and reached the target of course. Now with the 3 drives pattern, we might have an extension to another support cos, it is important it touches the trend line before the move upwards. So we gonna wait for that and then see how it reacts after touching the trend line and the support before entering a trade with a stop loss of 23300. The target will be 31k for starters I will update as market moves
BINANCE:BTCUSDLong
by DN_Trades
1
BITCOIN what is the next target? 📖💡📖Hello 🐋 based on the chart, the price is in range zone and possibility for breakout of the parallel channel to the downside, and we can see 23k and 25k prices 📖 so range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 beside brief amount of gain and green candlestick is logical for future correction (suppose it as a stop loss hunting) 📖💡 and we need even more correction to the downside for long term view before huge gain ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
9
BITCOIN needs to see 23k and 25k for future gain ❌🧨📖Hello 🐋 based on the chart, the price again become close to the channel support and this time there is possibility for breakout of the parallel channel to the downside, and we can see 23k and 25k prices 📖💡 and brief amount of gain and green candlestick is logical for future correction (suppose it as a stop loss hunting) 📖💡 and we need even more correction to the downside for long term view ❌🧨 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
18