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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 - On the EdgeHello everyone, today I decided to do a quick update before I come back with Q3 update in July. I haven't planned to do more updates this month, but I noticed something very interesting in my opinion and I think that more people should pay attention to it. As I said before - my Base Case for Q2 was that this quartal may be the BAD time to Invest in BTC for a longer period of time due to previous experience when we had similar macroeconomic conditions. Today, we are about the same Price range, in fact, we are around 7% lower than we were at the time of that statement. So I am still going to stick with that idea until my requirements are no longer met. Now, to the reason why I am doing this Saturday morning update... Reason is that 20SMA & 21EMA CROSSED . It may look like nothing extraordinary we should pay attention to, but I think otherwise. Looking back on the whole History of Bitcoin, we can see that this Case didn't occur so many times, but when it did, most of the time it resulted into the decline of price in upcoming weeks/months. For better visualization I decided to use simple Arrows, to point out the magnitude of the move before 20SMA&21EMA crossed. - If we count the relevant Cases (ones that occurred after the STRONG upwards move) - it looks like 7 out of 7 times we experienced a significant correction in price. - If we count all cases then it is 7 out of 11 times. In these 4 cases, we moved sideways with slightly bearish price action, BUT once we tested the price at 20SMA&21EMA and were able to hold above that price, it continued to rally to higher prices. At this exact moment, it's hard to say with Higher% certainty which of these cases we are experiencing right now because our criteria are mixed up... We got BOTH - strong move upside & at the same time we have been in SIDEWAYS move for several weeks already... So I am looking for what is going to happen next week/s when we reach our 20SMA&21EMA price, because it may give us a CLEAR signal in which group we are right now. Until then I would suggest everyone practice patience, unless you like to gamble. Hopefully, this update 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
💎ETHUSD: FULL Multitimeframe analysis💎A lot of bullish confluence at the moment for ETH ☝️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. ⚠️ ALL videos and ideas 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. DO NOT act based on my analysis, do your own research!!
BITSTAMP:ETHUSDLong
by Yelli_trades
20
Slowing Inflation Data Brings Positive Price Action to Bitcoin The US CPI remained flat in May, beating forecasts and lifting bitcoin prices by nearly 4% on Wednesday: But bitcoin prices quickly retreated on Thursday as traders grappled with the possibility of just one rate cut by the Federal Reserve by the end of the year. Trump voices support for Bitcoin mining at Mar-a-Lago: President Biden’s campaign also consulted the crypto industry on his digital asset policy. Gensler confirms spot ether ETFs are coming soon: In a Senate Banking hearing on Thursday, SEC chairman Gary Gensler said he expects spot ether ETFs will begin trading this summer. GameStop's stock drops 12%, impacting related meme tokens: The dip comes after recent highs and announcements of new share sales and declining quarterly sales. HSBC Bank's China branch begins offering e-CNY services to corporate clients: It’s the first foreign bank to support the digital yuan to facilitate transactions and asset management. The ZKsync Association will airdrop 3.675 billion ZK tokens next week: Early users and contributors will receive the distributions, with claims available until January 2025. 🗝️ Topic of the Week: Crypto and Retirement Accounts: 401ks and IRAs 👉 Read more here
GEMINI:BTCUSD
by Gemini
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
BTC Price Analysis: Poised for Increased Volatility and...BTC Price Analysis: Poised for Increased Volatility and Potential Growth Bitcoin (BTC) traded around $70,800 on Wednesday's opening, with insights from Glassnode suggesting that the largest digital asset could be primed for increased volatility if it reaches a new all-time high in the coming days. Insights from Glassnode Key metrics from Glassnode highlight the significant role long-term holders could play in dictating Bitcoin's price action in the near future. According to Glassnode: 1. Unrealized Profits: Most long-term Bitcoin holders are sitting on substantial unrealized profits, suggesting potential for market moves if these holders decide to realize gains. 2. Coin Age Metric: Coins younger than three months old account for 41% of the network's wealth. The coin age metric measures how long a coin has been held in a particular address, indicating liquidity distribution between short-term and long-term holders. The 41% share of <3-month-old coins shows that liquidity held by new demand is beginning to grow, suggesting increased market activity and potential volatility. Technical Analysis Overview From a technical standpoint, BTC remains within a bullish channel, trading above the 50% Fibonacci retracement level and the Volume Weighted Average Price (VWAP). Key technical observations include: 1. Bullish Channel: BTC continues to trade within a bullish channel, indicating an ongoing upward trend. 2. Support Levels: The price is currently retesting yesterday's high resistance level as a support level, signaling potential for further growth. 3. Indicators: Staying above the 50% Fibo and VWAP suggests strong support and potential for continued bullish momentum. Market Strategy Given the current technical setup and the fundamental backdrop provided by Glassnode's insights, our strategy involves looking for long positions in BTC. The bullish channel, strong support levels, and indicators of increasing liquidity held by new demand all point towards potential growth. Bitcoin is positioned for potential increased volatility and growth, supported by both technical and fundamental factors. Insights from Glassnode indicate that long-term holders and growing new demand could play significant roles in BTC's price action. Technically, the bullish channel and strong support levels further reinforce the bullish outlook. As a result, the current market environment presents an opportunity to consider long positions in BTC, anticipating continued upward movement and potential new all-time highs.
COINBASE:BTCUSDLong
by FOREXN1
1
BTCUSDT Forms Bullish Flag Pattern, Eyeing $80000 Target.BTCUSDT has recently formed a bullish flag pattern, indicating potential for a substantial price increase. The immediate target is set at $75,000 following three months of consolidation. However, traders are advised to maintain a stop-loss strategy to manage risks. BTCUSDT (1D Chart) Technical analysis BTCUSDT (1D Chart) Currently trading at $69600 Buy level: Above $69500 Stop loss: Below $65900 TP1: $72000 TP2: $75000 TP3: $80000 TP4: $90000 Max Leverage 5x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
1
BITCOIN - $150,000 OR $40,000? - 2024 - CryptoManiac101BITCOIN / USD TA 1. Price Levels and Movements: - The current price is around $67,696.56. - There is a notable high at around $68,470.80. - Fibonacci retracement levels are displayed, indicating potential support and resistance levels: - 0.236 level at around $21,782.45. - 0.382 level at around $26,761.12. - 0.5 level at around $31,684.07. - 0.618 level at around $37,486.17. - 0.786 level at around $47,664.25. 2. Future Projections: - The chart suggests potential future price targets/retracements: - 1.0 Fibonacci extension level at around $64,736.25. - 1.618 Fibonacci extension level at around $156,705.06. 3. Trend Lines and Channels: - The price is moving within upward-sloping trend channels. - There are dotted lines indicating potential future price channels. 4. Annotations and Indicators: - Green arrows indicating potential buy signals and points of interest. - A pink arrow suggesting a significant price movement. - A highlighted oval region projecting a potential bullish move. - Various potential future price paths indicated by white lines. Overall, the chart is a technical analysis of Bitcoin’s price, indicating possible future price movements based on historical data and Fibonacci retracement levels.
COINBASE:BTCUSDLong
by CryptoManiac101
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