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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
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
by lrabdo
1
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.
Short
by SPOONY1004
Bitcoin Head & Shoulders!BITSTAMP:BTCUSD Bitcoin has a really interesting head and shoulders even on 1D. The aggressive neckline has broken and provided 5.84% gains on a short. Waiting for confirmation via: 1. Plan A: Bearish Retest of Neckline for short to possible pullback zones 25.2K and 24k levels 2. Plan B: Fake-out of Neckline for Long to first to 31k Future markets open in about 3h 34m Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BITSTAMP:BTCUSDShort
by imr4nkh8n
8
ETH Head & Shoulders!KUCOIN:ETHUSDT ETH has had an impressive run to 2140. Pullback sits currently at 1874 and in a Head & Shoulders. Break of Neckline will possibly provide short ideas with target ideas to 1690, 1520, 1370 zones. If the Neckline does not break and volume sets in go long - for targets see my 18-Apr ETHUSDT post with this chart: www.tradingview.com Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Short
by imr4nkh8n
Bitcoin Head and Shoulders Price TargetIf you haven`t sold BTC here: Then Bitcoin, currently trading at $26,510, has formed a head and shoulders pattern, indicating a possible bearish trend ahead. This chart pattern consists of three peaks, with the middle peak forming the head and the other two forming the shoulders. The neckline, a crucial support level, becomes a focal point as a break below it could trigger further downward movement. While the target for the head and shoulders pattern suggests a larger decline, attention should also be given to the 200-day moving average support at $23,440. This level has historically acted as a significant support zone for Bitcoin. Therefore, it is reasonable to anticipate a potential drop towards this level. It's important to consider that technical patterns are not infallible, and market sentiment and external factors can influence price movements. Bitcoin's volatility adds an element of unpredictability, making it essential to exercise caution and keep an eye on market developments. Looking forward to read your opinion about it.
Short
by TopgOptions
BTC Head and Shoulders Break Target HitWith today's price action Bitcoin has come down to test the 25,300 level. This has been a very important resistance level in the past that once it broke above this level, it needed to come back and retest as support. As we can see, there's also an upward trending trading range / trend channel (In Blue) that has held well twice before. Hopefully BTC bounces here and continues higher, ideally getting through the $32 K level. Past $32k to the upside, gives a clear path to FWB:48K to $50K, the Golden Pocket retrace of the market cycle high to low. But there are a sizable order blocks above between FWB:29K and FWB:31K that will act as a formidable resistance area (not shown). So this is going to be interesting battle. We still have an unfilled CME gap around $20k also. And there's a larger Head and Shoulders forming on the weekly chart, that if we lose the neckline support points to a re-test of the recent market cycle lows down to $16k. Our indicators show that the bottom is in, but could still be re-tested. But my bias for now is towards the upside. What do you think?
by BrettFogle
1
BITCOIN needs more correction for further gain ❌🧨Hello 🐋 based on the chart, the price has chosen to fall again and break out of the parallel channel has been completed 📖💡 for any other huge pump, we need even more correction to the downside ❌🧨 beside brief amount of gain and green candlestick is logical 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
10
Bitcoin Boom-Bust Cycle PatternsFrom a technical point of view, it is seen that Bitcoin making its 4th boom-bust cycle move. The black line I drew on the logarithmic chart has been acting as support and resistance regularly since 2012. The past 3 boom-bust cycle patterns have been applied to the cycle that we’re in right now. The Yellow line is between 2012-2014; The blue line is between 2018-2021; The green line represents the boom-bust cycle from 2014-2021. In my personal opinion and when I look at the support that Bitcoin found at the $16500 level, I think the scenario will be like the Blue line.
INDEX:BTCUSDLong
by YavuzAkbay