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🔥BTC might be ready to target 75k: Update and multitimeframe🔥Please see previous ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
BITSTAMP:BTCUSDLong
by Yelli_trades
7
💡BTCUSD Multitimeframe Analysis💡☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
BITSTAMP:BTCUSDLong
by Yelli_trades
6
Bitcoin Breaches $69,000: Bullish Breakout?Bitcoin Breaches $69,000: A Bullish Breakout or a Fleeting Glimpse? Bitcoin (BTC) bulls were ecstatic as the world's leading cryptocurrency climbed above $69,000 during early Asian trading on June 3rd. This move marked a significant milestone, breaking a resistance level that has held firm for the past 12 weeks. However, the crucial question remains: is this a decisive breakout or a temporary blip within a prolonged trading range? The recent surge follows a period of relative stability for Bitcoin. After reaching a new all-time high near $69,000 in early March, the price retreated and consolidated within a range of roughly $60,000 to $67,000. This consolidation phase, while frustrating for some investors hoping for immediate gains, can be a healthy sign for the long-term health of the market. Several factors are fueling the current optimism surrounding Bitcoin: • Institutional Adoption: The continued influx of institutional investors into the cryptocurrency space is a major driver of growth. Large investment firms, hedge funds, and even traditional banks are increasingly recognizing Bitcoin's potential as a valuable asset class. This institutional interest provides much-needed stability and legitimacy to the market. • Positive On-Chain Metrics: Analysis of on-chain data, which tracks the movement of Bitcoin on the blockchain, suggests positive signs for future price movements. Metrics like active addresses and exchange outflows indicate that investors are accumulating Bitcoin and holding onto their assets, which can reduce sell-off pressure and contribute to price appreciation. However, there are also reasons for caution: • Resistance at $69,000: The $69,000 level represents a significant point of resistance. Previous attempts to break above this level have been met with selling pressure, pushing the price back down. Successfully flipping this resistance into support will be a crucial step for a sustained bullish run. • Macroeconomic Concerns: The broader macroeconomic environment remains a source of uncertainty. Rising interest rates, a potential global recession, and ongoing geopolitical tensions could all dampen investor sentiment and negatively impact the cryptocurrency market. • Regulation: Regulatory scrutiny surrounding cryptocurrency remains a potential hurdle. Government intervention could stifle innovation and limit market growth, although clear regulations could also bring more stability and attract hesitant investors. So, will Bitcoin's climb above $69,000 be a lasting victory? Experts are divided. Some analysts believe this is a breakout signal, paving the way for a continued price increase towards new all-time highs. They point to the confluence of positive on-chain metrics, institutional adoption, and increasing scarcity of Bitcoin due to its capped supply. Others remain cautious. They highlight the strong resistance at $69,000 and the potential for a pullback if bulls fail to maintain momentum. Additionally, they emphasize the unpredictable nature of the cryptocurrency market and the influence of external factors like global economic conditions and regulations. Ultimately, the future direction of Bitcoin remains uncertain. However, the recent surge above $69,000 signifies a renewed sense of optimism in the market. Whether this translates to a sustained bull run or a temporary blip within a trading range will depend on various factors, including the ability of bulls to overcome resistance levels and the overall health of the global economy. In the coming weeks, investors should closely monitor key metrics such as trading volume, order book depth, and news surrounding regulations and institutional adoption. These factors will provide valuable insights into the strength of the current uptrend and the potential trajectory of Bitcoin in the near future.
BITSTAMP:BTCUSD
by bryandowningqln
BTC in Elliot Waves Pattern. Bullish flag breakout soon?Hello guyzzz! New week, new market update! We are still in the same 3-month bullish flag. Adding Elliott Waves and a red rectangle here, if we reach it, will be the best option to open long positions. Also, it seems like we're trying to retest the resistance line of the flag for the second time. If we don't reach the box, I think I will open a position around $66,000-$67,000 because, according to seasonal analysis, we are really close to the middle of the month, and the breakout can happen soon. For sure, I suppose the movement will not be very active due to low volumes and the summer season, so be careful, use SL, and follow RM strategy! Share your market vision in the comments 👇👀
BINANCE:BTCUSDLong
by SheTradesHub
#BTC/USD Forecasts Suggest a Rally to $85,000 in Q3!📊 BTC/USDT Technical Analysis by Cryptorphic 📊 As of June 3, 2024, BTC/USDT is showing promising signs of a potential breakout. The price action is currently testing the upper boundary of the bullish flag in weekly, with significant support levels around $62000. 🔍 Key Levels: - Support: $62,959.01 - Resistance: $69,001.80 (Current Price) The 200 EMA has acted as strong support, with the price bouncing off the highlighted support zone multiple times. The recent bullish momentum suggests a breakout could be imminent. 🟢 Bullish Scenario: - A breakout above the current resistance of around $69,000 could propel BTC towards the next psychological level of $72,000 and beyond. According to Fibonacci extension levels, BTC could reach approximately $86,700 within the next 6-8 weeks. 🔴 Bearish Scenario: - Failure to break above the resistance may lead to a retest of the $62,959.01 support level. Stay tuned for more updates and trade wisely! 📈 Please hit the like button if you like my charts. Thank you #PEACE
GEMINI:BTCUSDLong
by Cryptorphic
2
Unprecedented time for BITCOIN - first time in the HistoryHello everyone, last update I said that we are in an unprecedented time for Bitcoin so I decided today to shed more light on this statement. I said it because it is the FIRST TIME in Bitcoin History we doing something that never happened before. --- BITCOIN is consolidating ABOVE its MONTHLY ATH Close --- This should be enough as a reason for everyone interested to pay some EXTRA attention since we may experience something unexpected... ↓↓↓ more inside ↓↓↓ 1M History 1W 2011 1W 2013 1W 2017 1W 2021 1W BULLs Case BEARs Case 1D Summary Hopefully, this elaboration was helpful for some of you in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM. Best Regards, Joe
INDEX:BTCUSD
by cryptocapitaltrading
Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders, I am Bullish for Bitcoin for a Target of 88 K The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern. First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed. Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance. How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts. what are the confirm the Pattern Confirmation characteristics ? Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also. Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks. I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis Do follow and like / boost my work to motivate me God Bless you all
by KINGSFALCONTRADERS
#Bitcoin Update+ Risk Check, Are you safe?12 days ago, BTC Daily faced rejection, whereas the 6-hour chart appears stable. Currently, the price is hovering at the support level. However, come Monday, the situation could shift, regardless of the direction. If Bitcoin rallies to the lower support in daily, will your position remain secure? If not, you may be overexposed! Many new traders make this mistake routinely, ultimately becoming targets for liquidation engines. I recognize that these dips, if they occur, present opportunities. I understand that I might not be able to time the exact bottom perfectly, so I take action by laddering in and increasing my exposure during downturns. I am holding a few leveraged positions with low leverage, and I plan to do the same. It's very important to manage risks when the Altcoin market is about to go parabolic! #bitcoins #AltcoinGems Do hit the like button if you agree and share your views in the comment section. Thank you #PEACE
by Cryptorphic
4
BTCUSD Bitcoin / US Dollar Bearish Side Money Heist PlanMy Dear Robbers / Traders, This is our master plan to Heist BTCUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
EIGHTCAP:BTCUSDShort
by Thief_Trader
BTC Bottom / Max Long IdeaThe idea is simple figure out the bottom max long zone based on some info we know and see iff it hits What we know; 1) we eventually make a 3rd touch on the trendline with 2 touches already if we assume the trend continues up 2) I found a spot that aligns with the neckline of an inverse head and shoulders marked in orange with a 72.5K long target along with floor @ 64.4 3) this also a floor / support zone and if we go below 64.3K we start the M pattern and turn bearish so I assume the bottom is higher then this level The Idea is marked in Green, Going to put a long limit order @ 64.5 and see how this plays out
BITSTAMP:BTCUSDLong
by dogdaddevan
1