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Bitcointrading

Back at the 100x longIt looks like btc is bouncing off key support at 56500-59500 usd. Key resistance is now at 72-74k. It has stayed in this trend from going in between these zones since late February (last 4 months). The RSI was also oversold at both 4H and daily. We are now looking for the MACD to flip bullish at higher timeframes 4H-1D (it is already bullish at 1H). When btc confirmed support (looking to at least get a bounce) and broke out of the downward sloping trend. I went in with a 100x long. The trade has been made risk free and I will move my stop loss into more profits (usually under the last bottom) as prices keep rising. Btc and the S&P500 index is also related and the S&P500 index is reversing and has some nasty gaps to fill. I predict that this index will get a correction of at least 7%. This is bullish for bitcoin! But let me tell more about the current trade. The worst possible scenario at the time of writing is that I get a 152% ROI and the best that can happen is that I make a 2000% ROI. This is a good position to be in if you ask me. I will make money regardless!
Long
by Madmantrades
2
25/6 update to yesterday update: BTC 9:00 UTC-4 18/6/2024 Short Hello everyone, looks like yesterday's call: "In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$." - comes to fruition once again. Extra 5% in the bag for those who stuck with trade at least partially. So what's Next? As we can see, after we arrive at our target 58.500$ we got immediate bounce back to the price I told you to keep an eye on. Reason Why I already mentioned several times in my previous posts. As for my next trade, I can still see odds in favor of continuation to Lower price targets - 58.500$ again and depending on How it will act around that price on a 1-5-15min chart determine if we can see further bleeding or we bounce and revisit Higher price. So for now, I'm of the opinion that if we reach around 61.375$ to 61.500$ again it would be still a great Short entry area. Having in mind that I will be using STOP LOSS around 61.850$ as protection in a case I'm WRONG and we go to the "bounce target" I mentioned yesterday which is around 63.8k$-64.2k$. If that happens, that would be my New Short Entry area. Good luck in your trading Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
17% Gain: BTCUSD Short Using My RSAI Blueprint StrategyIn this video, I'll be discussing a recent short position I took on BTCUSD (Bitcoin) using my reliable RSAI Blueprint strategy. This trade yielded an impressive 17% gain, demonstrating the consistent profitability of my approach. I'll guide you through the analysis and execution of this trade, highlighting the crucial indicators and market dynamics that influenced my decision. Additionally, we'll delve into the current sentiment shift in the cryptocurrency market that I believe will continue in the coming weeks, offering further trading opportunities. Join me as I dissect the details of this successful trade, showcasing how the RSAI Blueprint strategy can lead to consistent wins. Don't forget to like, comment, and subscribe for more trading insights and updates on effective strategies.
COINBASE:BTCUSDShort
by TruthakaWallStreetakaCookie
Bitcoin will rise as the dollar descendsBitcoin will go a little lower until next week, then start to rocket again since USDJPY will be capitulating and that will force inflation to resurface. Inflation also means excess liquidity which is what bitcoin is, and is highly correlated to the nasdaq. I give it till summer when the BOJ pulls the plug and the FED is forced to hike rates again. This will force the dollar TVC:DXY to go 140+ and along with it a deflationary spiral that will call this the Greatest Depression. This will blow up all the other currencies leaving the dollar for last. It is then from the ashes of everything the FED and central banks will usher in negative interest rates to "rebuild society" using social credit scores like the movie Demolition Man. If Trump gets elected and not assassinated or arrested, then he will ban the dollar CBDC and go back to a gold standard. Then you will see bitcoin launch ahead of the old dollar and hold its own with the new gold backed dollar. If Biden gets reelected CBDC's will happen here in America and bitcoin and gold will go to the moon either way.
BITSTAMP:BTCUSD
by EmptyEternity
BTC retested main suport zone hello dear trader and investor CRYPTOCAP:BTC is currently at $61k Sitting at the lower end of its range If you haven't noticed It has been trading within a range for a while now This is known as consolidation. The top of this range is FWB:73K While the bottom is $60k my price action on this chart say : bitcoin retest supourt area and now ready for next move... my prediction on this chart 90,000 $ is next station ??? stop loss need for any position good luck mehdi
Long
by mehdi_kb
BTC is dumping Hello, dear friends! Bitcoin has started to decline in price, even though other markets are showing solid growth. What do you think is causing this to happen? Here are some possible reasons: 1. Macroeconomic Factors 🔴Inflation and Interest Rates: Increases in interest rates or changes in inflation expectations can reduce interest in high-risk assets like cryptocurrencies, including Bitcoin. 🔴Regulatory Changes: Changes in cryptocurrency regulations in major countries can create uncertainty in the market, leading to selling. 2. Market Dynamics 🔴Post-Growth Correction: After a significant price increase, a correction often occurs as investors take profits, leading to a price decline. 🔴Sales by Large Holders: Movements by large wallets or "whales" selling their assets can put significant downward pressure on the price. 3. Technical Factors 🔴Technical Levels and Patterns:Breaking important support levels or completing technical patterns can trigger a wave of selling. 🔴Algorithmic Trading: Algorithms set to react to certain signals can initiate mass selling, amplifying the decline. 4. News Environment 🔴Negative News:Negative news about exchange security, hacks, or fraud can undermine investor confidence and cause selling. 🔴Statements by Influential Figures:Statements from major investors, regulators, or other influential figures about negative prospects for Bitcoin can affect market sentiment. 5. Investor Behavior 🔴Fear and Uncertainty:Panic among retail investors due to negative news or price declines can lead to mass selling. 🔴Profit-Taking: Investors deciding to lock in profits after a significant rise can initiate selling. 6. Cryptocurrency-Specific Factors 🔴Scalability Issues:Network issues with Bitcoin, such as high fees or slow transactions, can reduce its attractiveness. 🔴Competition:Increased interest in other cryptocurrencies (altcoins) can divert attention and funds away from Bitcoin. Each of these reasons can contribute to the current price dynamics of Bitcoin. Sometimes, it is a combination of several factors acting simultaneously that causes the price decline. What do You think is the main reason for the current decline? Did I forget to mention any other reasons? Thanks for Your attention. Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
7
BTC update to: BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone, Looks like our trade was delivered even though it took longer than was expected. So everyone who took the same trade, congrats on your profits! Aswell, I would point out How after I called for a lower price we went lower by around 1.85%, and How after that we visited the price I expected that is possible to reach for a great Short entry around 66.478$ (not so far from 66.500$) before our move unwind. With that said, I hope everyone who took the same trade already took some profits off to pay the trader. Now, to the harder part. And that's How to manage correctly trade if you still left some portion of your Short entry open. In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$. On the other hand, if in the upcoming hours price struggles to go lower than 61.3-61.5k$, I would expect it to bounce back a few % and that would be an opportunity to Open New Short trade. -> (around 63.500$ to 64.200$) I will update further once I get more confirmation about What is more probable to happen next. Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
SEC Ends Ethereum 2.0 Investigation Bitcoin prices fell Monday as nearly $500 million in positions were liquidated: Long positions took the majority of the losses. Deutsche Telekom, parent company of T-Mobile, to join Bitcoin mining sector: The move could enhance network security but also increase competition among miners. Consensys says SEC has ended its Ethereum 2.0 investigation: The announcement confirmed that ETH sales are not securities transactions – marking a significant victory for the space. The Financial Stability Board met in Toronto to discuss regulatory challenges presented by stablecoins: The collaboration with the IMF began last year, with plans to produce a policy paper on the issue. Waka Flocka Flame's new memecoin, FLOCKA, launched on the Solana blockchain, faces criticism amid a roughly 77% price drop: The massive falloff highlighted one of the major issues with the celeb-coin trend. 🐕 Topic of the Week: Shiba Inu: The Doge-Inspired Upstart Memecoin 👉 Read more here
GEMINI:BTCUSD
by Gemini
BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone, this is my Close timeframe Short. Right now we sit at 65.250$ 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 BTC price move plan for incoming weeksFor the coming week, both buyers and sellers have a specific task: some have to lower the price of #BTCUSDT as low as possible to break down the structure, while others have to raise it to break up the stops of shorts positions 🔼 CRYPTOCAP:BTC buyers are currently looking stronger, and if they manage to defend $67000-67300, they may start attacking and updating #Bitcoin ATH very soon. The fuel for growth should be the stops of short positions hidden above $73K. and $74k. 🔽 Sellers now have a much more difficult task: they need to break the growth structure, and for this, they need to fix #BTCUSD price below $60-61k The next known strong macroeconomic news is expected on June 12, when the CPI US and the Fed Funds rate will be announced. If you're reading this idea and are interested, please leave a comment under the idea and put like. And then we'll write more thoughts on BTC.D and USDT.D and how altcoins may develop in the near future.
by P_S_trade
9
💡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
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