Get started

Bitcoinpricetrendanalysis

Swing & Day Trading Bitcoin LongsBitcoin is the cleanest uptrend of my watchlist right now. I'm looking to buy any weakness to $65,000. Daily RSI Crossover indicates we could be at the start of another bullish "cycle" providing a good risk reward opportunity. I'm preparing to execute aggressively if conditions require. Daily closes below $65,000 or sustained movement below $63,000 would invalidate this setup. Any trades upcoming this week will be posted below. Likes and Follows are appreciated
CME:BTC1!Long
by GrayTrader01
Bitcoin Range Theory - BTC thoughtsIf BTC rejects from range high here, it is plausible to look for lower time frame logical structural longs from the daily fvg level indicated. Mondays high could get retested as well so this is confluence to that point of interest. There is the chance that pull back never occurs. If the supply above range high is flipped then I am looking to get a nice continuation long off range high. Nothing is stopping price from moving up until at least 70.5k (imo)
Long
by trader_tim_
Bitcoin Channel AnalysisBullish scenario: $64000 is broken and run to $72000. If $72000 is broken, a bull flag formation occurs and 100k is reached. Bearish scenario: Rejection at $64000 and break of both price action support and moving average level at $60000. It drops up to $52000. Since it recovered quickly after the decline below 60k at the beginning of May, I think the bear scenario is not possible except in an extraordinary situation. But we should not forget to put our stops just in case. On the contrary, apart from these two scenarios, it is also possible for Bitcoin to fluctuate in the parallel channel between 73k - 60k.
Long
by YavuzAkbay
May Foolish BTC Focast & The Fool's Odyssey Til Sept 2024: SELL?Ah, behold, fellow seekers of truth and fortune, for on this illustrious 1st of May in the year 2024, I bring forth yet another tale of folly and insight for your discerning minds. Gather 'round, for what follows is not for the faint of heart but for those who dare to dance on the edge of reason. Let us pay homage to the noble fool who sold in April., that rare breed with minds agape and hearts unburdened by the shackles of convention. Yes, my friends, in their folly lies a wisdom beyond measure, a willingness to embrace the unknown while others cower in the shadows of doubt. And so we find ourselves in the midst of a grand spectacle, where Bitcoin reigns supreme, its price gyrations a symphony conducted by the whims of market makers. Oh, the suspense! It grips us, thrills us, and yes, at times, even sickens us, especially if our hopes are built on shifting sands. But fear not, for in this chaos lies opportunity, for those with the courage to seize it. Intuition, that silent guide, whispers truths amidst the cacophony of market noise. Yet, even the wisest among us may falter in timing, as I humbly confess. Yet, lo and behold, the winds of change blow strong, and though my predictions may have missed the mark, the tide will soon turn. For while I foresaw a descent to $40k, Bitcoin soared to heights unseen, a testament to the capricious nature of the market. So, my fellow travelers in this grand odyssey, heed my words: seize the moment, for opportunity knocks but once. Do not be swayed by the specter of fear, for it is but a trickster's guise, a ploy to shake our resolve. And as we brace for the storms ahead, let us arm ourselves with knowledge, for it is our greatest weapon. Behold, the sacred support levels, the bastions of strength in our hour of need: 1. $56,400 - $51,200 2. $49,046 - $45,905 3. $40,359 - $38,722 4. $31,892 - $25,711 Let this missive be a beacon of hope in the darkness, a roadmap for navigating the treacherous waters of the market. And to you, oh hodlers of Bitcoin, I say: stand firm, hold fast, and let not doubt cloud your vision. For with steadfast resolve and unwavering conviction, we shall weather this storm and emerge victorious on the shores of prosperity. So, my friends, I bid you farewell with these words: HODL strong, and may fortune smile upon us all! Ah, but heed my warning, dear traders, for the next three months shall test even the stoutest of hearts. The time I foretold back in April here , oh how it has come to pass! As the winds of uncertainty buffet our sails, let us not falter but stand firm in the face of adversity. Yes, my friends, the stage is set, and the actors poised for their grand performance. Do not be deceived by the allure of quick gains, for the road ahead is fraught with peril. Yet fear not, for in every challenge lies an opportunity, and it is our duty to seize it with both hands. So, to you, brave souls of the trading realm, I say: be vigilant, be steadfast, and above all, be bold. For the time to act is upon us, and those who heed the call shall reap the rewards. And to my fellow hodlers, I offer this counsel: stand resolute, for the storm shall pass, and the sun will once again shine upon our endeavors. In the meantime, let us hold fast to our convictions and weather the tempest together. For in unity lies strength, and in perseverance, victory. So let us march forward, my friends, with heads held high and hearts ablaze with the fire of determination. The journey ahead may be long and arduous, but together, we shall emerge triumphant. May fortune favor the bold, and may the winds of change carry us ever closer to our goals. Onward, then, to glory! Disclaimer: Please note that the analysis provided above is for informational purposes only and should not be construed as investment advice. Cryptocurrency markets are highly speculative and carry inherent risks. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. If you found this analysis insightful, please consider giving it a like and following for more content updates. Thank you for your support!
BINANCE:BTCUSD.PShort
by MachiavelliTrader
1
Post BTC Halving Price Prediction, DXY, $IBIT, and May ForecastAs I've been saying, we really just need a breather after the huge runup in Bitcoin and the altcoins pre-halving and with 7 consequetive up months and Green candles. So it's no surprise April is selling off, and the halving was a 'sell the news' event. It's good news, because all markets need to rest and re-gain their strength to push higher. Watch the video for details, but the TLDR is I think we'll drift sideways and even down to re-test the $60k region where we can see strong buy blocks until we get into May, and then we'll start to push higher and hopefully into bull-mania. However, IF Bitcoin can get back above $66k - $68k on a daily closing basis, effectively washing out the Red block of sellers and back above both the 21 and 50 day EMA's (Exponential Moving Averages) then I would start buying BTC.
TVC:DXY
by BrettFogle
Bitcoin $68,700 breakout was a good sign!Bitcoin (BTC) bulls cheered as the price smashed through the $68,700 resistance level, marking a significant milestone. However, the climb has stalled as the coin encounters a new hurdle - the $69,700 to $70,500 resistance zone . A decisive break above $70,500 could signal further bullish momentum. This area has historically proven to be a profit-taking zone for experienced traders. The logic is that after a strong upswing, some investors lock in gains, leading to a temporary price dip.
Long
by Z4F4R
Bitcoin Looks for ONE MORE Possible Chance to BUY THE DIP!! Remember to Like, Comment, & Follow for more in-depth analysis! Share with your friends! The greatest compliment one can give is a referral I've seen too many doom and gloom posts for Bitcoin, and there are macro and micro bullish patterns being layered with more bullish patterns as we get closer to the Havening. Bitcoin is in a descending parallel channel, but it is not a bearish distribution. The distribution is bullish due to the top of the channel being tested already 4 different times, and the bottom side of the channel has only been tested once. The more times a support or resistance level is tested, the weaker it becomes. Bitcoin has also created a macro inverse head and shoulders pattern, and each shoulder and the head of that inverse head and shoulders pattern is its own inverse head and shoulders pattern. The most bullish bottoming pattern in trading was just created 4 times to create the bullish support in the 60k - 73K range. This range includes the bullish double top that was made in 2021, plus now, this inverse head and shoulders pattern is made up of an inverse head and shoulder pattern in each of the shoulders and the head. We are now Even though we did not break out off the inverse head and shoulders pattern, we will continue to cool off indicators with another drop down to the 65K level, or potentially the 59.7k level. The only reason that we would drop down that far again after creating the bullish pattern we just made would be the fetish Bitcoin has with needing to hit the .618 Fib retracement level. The .618 Fib retracement level sits at 59.7k. The head of the inverse head and shoulders wicks down under the .55 fib retracement but never reaches the .618 fib retracement level. Since we are in a descending parallel channel, it would allow it to hit that .618 Fib retracement level now while staying within this parallel channel. Another bullish pattern bitcoin has made, is the macro bull flag. We had a major run-up, from 38.5k, where volume increase was consistent and noticeable, and we topped out at 73.5k (about +93% upward). Just by extrapolating the percentage move and estimating where the second pole moves from the bull flag would finish. More importantly, it would be important to know where the starting point for the next runup is. It would be starting from the 59.7k (.618 fib retracement level) and then extrapolating +93% upward would put us at about $115k (which also is the 1.618 Fib Extension Level). Another pattern I see that can occur is, as I said previously, we technically have not bounced off the .618 Fib Retracement level ($59.7k), which is the bounce point Bitcoin has a fetish for to be able to start another bullish move upward. Currently, we sit in a position where we are 2 weeks away from the Bitcoin Halvening, which is the catalyst that starts the new Bitcoin Bull Market, where we make a parabolic move. There are at least 10 different bullish confluences of support within the range of $60k- FWB:73K , and the only bearish confluence is that the top side of the descending parallel channel we have has held any breakout above it from happening. The move that I am possibly watching for would be one that lands us just shy of the $100k milestone. The move would look possibly something like this, where the only way I could see this bullish confluence zone could become more BULLISH would be to make an eve & eve double bottom and create the second bottom with another inverse head and shoulders pattern. We would then break out to $73.5k peak and then around the same time as the halvening, we would look to break the peak and then use the .55 Fib Ext.Level and .5 FIb Ext Level to create a Bullish W-Breakout Pattern with making both bottoms re-test the previous peak of $73.5k. After re-testing both times, holding support above that previous peak, We would launch to the .618 Fib Ext Level, possibly re-test the top of the W breakout we just made, and then after, we would take a launch at the 1 Fib Ext. Level that sits at $93.8k. Major key points would be: -Drop to the .618 Fib Retracement level ($59.7k) -Breakout bounce up to the .5 Fib Extension ($76.1k) or the .55 Fib Extension ($77.9k) of which breaks out $73.5k peak -Minor Correction from the .55 Fib Ext and the .5 Fib Ext level down to re-test the $73.5k peak to create a Bullish W breakout pattern -Breakout to either .618 Fib Ext ($80.3k) or the 1 Fib Ext ($93.5K) Let me know what you think in the comments below! Which pattern do you see playing out? 1. Run-up to $115k 2. Run-up to $94k
CRYPTO:BTCUSDLong
by Gamblers_Paradise
Bitcoins newer all time highOn the 4-hour timeframe, Bitcoin appears to be within a distinct channel. This week, it experienced a decline, reaching the 65654 support level at the channel's bottom before rebounding. Currently, it has bounced off the 67562 support and is heading upwards. If it breaks above 69005, it could revisit all-time highs. Back on March 3rd, Bitcoin formed a flag pattern before reaching its previous all-time highs. Considering the length of the candlestick pole to the flag pattern, I anticipate Bitcoin may reach 75000 before a downturn, potentially returning to the support trend line around 54670.
BITSTAMP:BTCUSDLong
by samstoobad
Bitcoin Price ResistanceBitcoin is currently re-testing the significant supply region from December 2021, where price spent almost a month failing to move higher after the initial move down from ATH. Since putting in a final bottom in late 2022, Bitcoin has rebounded strongly along with other risk assets. However, if this trend has been a corrective ABC move, the pattern looks near enough to complete to start looking for a strong reversal from this region for confirmation. The c wave price has reached the typical corrective fibonacci extension resistance range from the a wave, and at a low timeframe has reached a 3.0 extension of the wave 1 of c. If the current trend is part of a new leg higher, price should easily reach 76k which would be the 1.618 extension from the initial sequence off the low. The conservative trading approach would be to take partial or full profits on longs at these levels, respecting the important price resistance and risk of a double top, and wait for price to confirm a breakout over prior ATH to re-enter a long position. The downside risk, if price is currently filling out a corrective ABC retrace, would be a > 80% loss to re-visit 10.2k or lower before price would ultimately find a durable bottom.
BITSTAMP:BTCUSD
by CycleTargets