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BTC FRACTAL - 20% Correction PossibleLet's do a quick recap on Bitcoin. I rediscovered a fractal from a post I made a few months ago, which compared BTC price action to NVDA price action after making an ATH. Currently, there is another Bitcoin fractal based on the M-Pattern and we take a deep dive into how far this correction could go. I'm labelling this post as "short" simply for the lack of better options. I do believe the price will correct lower, but I wouldn't take a leveraged trade so close to the a new ATH. Link to the earlier comparison with Nvidia: ___________________________ COINBASE:BTCUSD BINANCE:BTCUSDT
COINBASE:BTCUSDShort
by CryptoCheck-
Bitcoin : Intraday Support was broken !Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin (1h) (futures) Traders can open their Sell Trades NOW ⬇️ Sell now or Sell on 66600.0 ⭕️SL @ 67500.0 🔵TP1 @ 64400.0 🔵TP2 @ 63000.0 🔵TP3 @ 61500.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Short
by pullbacksignal
7
BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone, this is my Close timeframe Short. Right now we sit at 65.250$ but I expect price to go Lower. My target is around 61.5k$ for now. If we are able to break lower "right now" I would expect to arrive at that price relatively quickly (in the next 24 to 56 hours), but I still see that there is potential to re-visit 66.500$ before this move can start. So act accordingly. *Note that 66.500$ would be in my book great Short entry. Good trading day to everyone Joe edit: the reason behind this trade is that Today's numbers for Core Retail Sales and Retail Sales came Colder than expected. It should been a sign of a slowing economy and that should have put pressure on markets in general. Also, do not forget to use Stop Loss in case the trade does not play out as expected!
INDEX:BTCUSDShort
by cryptocapitaltrading
Bitcoin Head and Shoulders dip to $60,500OKX:BTCUSDT has created a classic Head & Shoulders pattern on the daily timeframe. If it confirms below the neckline, we could see a pullback to $60,500 - the same distance from the peak of the Head to the neckline from the breakdown. This is not actionable until it confirms, when a candle closes lower than the first candle closing below the breakdown. Given the institutional interest and price manipulation, this could be turned around by market makers, so I won't be entering a short, or exiting my spot positions, until I see confirmation on the daily timeframe. However, I could also see those who manipulate the markets wanting a lower entry for large amounts of institutional capital - so the price could likely be manipulated either way. What the chart tells us is this is a big bearish signal to be monitored. There is also a Bearish Divergence on the RSI, which isn't actionable by itself, but does add a layer of confluence.
Short
by tokentradertv
1
Why I think Bitcoin Trades to $64k NextWhile there have been lots of wins on the fundamentals and adoption of Bitcoin globally increasing. There is still more to be desired from a technical perspective in my opinion. This chart might look busy, but the outlook from here is quite simple for me. Let me break it down. Why I think its weak Price has on the 21st of May (Orange circle) failed to remain above resistance from the previous highs. We have also failed to make any new higher highs since this rejection. The Big Picture is still Bullish We are also current trading in a range within the overall March range structure, that has yet to take out the high or low. As my current thesis is the Bitcoin will trade higher in the coming months, It's reasonable to think that we go lower before the next leg higher. I think there also some pragmatic selling happening ahead of the FOMC and CPI data that will release in the coming weeks. Lower then Send It Higher So in summary, $64,000 -> towards the fair value gap (green box) as the next likely move. And then I would like to see accumulation in that zone for the next move into new all time highs. Invalidation of this idea, would be to close back above $72,000.
COINBASE:BTCUSDShort
by PHundal
BTC from hereSince my last update, Bitcoin has successfully defended the range lows, and importantly reclaimed the mid-range where we currently trade just under $70,000 at the time of writing. From here we would want to see if the bulls are still in control - below is my take on where we could venture next. Bullish Scenario Prices hold and push for the range high’s. We could then see new all-time highs. There may also be a further move back to the range midpoint before the market moves higher. Bearish Scenario Failure for bulls to hold prices at these levels, as we are now at levels not seen since mid-April. Price moving below the range midpoint towards $66,000.
by PHundal
2
Chart Idea - Swing Short on BTCI was bullish on BTC until last Friday before the WAR news broke. It was beautifully making a bullish penant which 70% breaks towards the upside. However, it didn't happen this time and it broke towards downside and confirmed. Since we now got the confirmation of breaking downwards, I am seeing further downside now. Currently trying to bounce from 0.382 fib level ($60K). There is no volume though and structure is really bearish. I believe it should bounce from 0.618 ( GETTEX:52K ) level. IMO, we will be seeing the following levels in next few days/week: Support Levels: 1- Daily EMA 100 - $58673 2- 0.5 fib level - $56188 3- 0.618 fib level - $52000 4- Daily EMA 200 - $50182 (Worst case scenario IMO) We should bounce really hard if we hit 3rd or 4th level of supports.
Short
by smwajeeh
Just how bad is it for Bitcoin and the crypto market? - Bitcoin has experienced a significant drop below $60,000 for the first time in a while. - April has historically been a green month for Bitcoin in an election year, but this year it was red, showing a deviation from history. - May is also historically a green month for Bitcoin in election years. - Bitcoin has never played out more than two consecutive downside months in an overall bull market. - The accumulation distribution indicator shows a positive slope, indicating a long-term move to the upside. - The indicator's slope changes in the extreme zones can correlate with macro shifts in direction. - Bitcoin is currently testing prior all-time highs and there should be an opportunity for it to move up again. - The ideal scenario for bullish investors would be for Bitcoin to come down to the red moving average, find a low, and close the month up with a bullish signal. Bitcoin has experienced its first ever red April in an election year, deviating from historical trends. April saw a 15% move to the downside, which is significant. May historically has always printed a green month for Bitcoin in election years, but this may not be the case this year. Additionally, Bitcoin has never played out more than two consecutive downside months in a bull market. The accumulation distribution indicator shows that Bitcoin is likely to move to the upside long term. However, it is uncertain how far down Bitcoin can go before it bounces back up. The red moving average is where Bitcoin bulls should be hoping for a low to be put in before closing the month up, which would signal the market to continue to new all-time highs throughout the rest of the year. Bullet Summary: - Bitcoin experienced its first ever red April in an election year, deviating from historical trends - May has always historically printed a green month for Bitcoin in election years, but this may not be the case this year - Bitcoin has never played out more than two consecutive downside months in a bull market - The accumulation distribution indicator shows long term upside for Bitcoin, but it is uncertain how far down it can go before bouncing back up - Bulls should be hoping for a low near the red moving average before closing the month up to signal continued growth throughout the year.
by Henrywaters
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 Elliot Wave 3-4 : CORRECTION Before HALVING📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. Here we'll take a look at how the previous bullish cycle played out. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern. Find HERE the method I used to call the bullish cycle early: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:BTCUSD KUCOIN:BTCUSDT
Short
by CryptoCheck-
3
A few other patterns can be seen in the Bitcoin chartTrading Setup: There is a Trading Signal to Sell in BTCUSDT Bitcoin (15m) (Futures) Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 61778.2 ⭕️SL @ 63257.5 🔵TP1 @ 58400.0 🔵TP2 @ 55550.0 🔵TP3 @ 52100.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Short
by pullbacksignal
BITCOIN DUMP 42000$ BEFORE PARABOLIC MOVE ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Disclaimer
BITSTAMP:BTCUSDShort
by bullstraders7