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BITCOIN Next Days/Weeks Happy Thursday Traders & Investors Let's look at a couple of likely scenarios for Bitcoin and the key levels to keep an eye on: Option A: Bitcoin lays right on the riffled support line of the current downtrend, and could bounce to test the area around 28.500$ where the downtrend resistance lays in confluence with some major Fib. Levels of different retracements from the highs and lows of the overall uptrend. A brake above that key resistance area would likely take #BTC to retest the uptrend support and bring new highs in the range between 34-35.000$ On the other hand, a rejection in the 28.5k area would take #Bitcoin back down to a crytical level where Bulls will want to see Bitcoin forming a higher low on the overall uptrend, ideally above the dotted trendline which is also supported by some important Fib. levels and the riffled support line of the current downtrend at around 25.000$ Option B: If the bears take control and brake below the current riffled downtrend support line, we could see Bitcoin dropping straight down to about 23.800$ and the previously mentioned uptrend support in confluence with crytical Fib. Levels where Bitcoin will need to find a bounce in order to avoid a drop all the way down to the range of 22-21.500$ I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSD
by BitcoinEasyIO
Retest Bitcoin! Or a Dip and go? 🎐Headed to 24,300$ Daily Support and also Weekly S/R Zone. The question is if we have a sweep of late short orders and an abrupt pullback to our previous Daily S/R Zone (26,301$) before further downside. Now that we have gained liquidity after sweeping above 27,400 Daily Resistance level, probabilities suggest we will continue to the downside. We did not have this bullish sweep when I posted a short analysis on May 25th when pricee dipped to 26K. With the new Monthly candle came re-invigorated bears. I think it's safe to say that Bull positions from earlier in the Year took profit around 28K to 30K after the asset was up 80% on the year. For an Institution was that not enough? I doubt it and am thinking that they have taken some profit. As the Second Quarter comes to a close, we can see that price has pulled back 17% from the highs and is still 55% up on the year. We have some more downside to give on BTC. This Daily engulfing candle will create some fear for those holding from earlier in the year. 24,307 is not far off and we are offically entering another Bear market at least in the Medium term. Lower Lows and Lower Highs as Bitcoin backs off 30,000$.
COINBASE:BTCUSDShort
by ShrewdCatfx
4
Target AREA 25958-25334 HIT!! End of sub-millennium WAVE A of X!OH YEAH.... take profit!! BITCOIN just hit my projected target area of 25958-25334 for a $3000 drop from WAVE 4 (28172). BITCOIN just ended sub-millennium WAVE A of X at a very significant pivot point since now BITCOIN will begin a BULLISH sub-millennium WAVE B of X. This will be a VERY BULLISH WAVE B of X since a sub-millennium WAVE is the 3rd largest WAVE in the history of BITCOIN. I'll post my target area for WAVE B of X on my next post. Please check your chart and let me know what you think.
BITSTAMP:BTCUSDLong
by jmlopez2
BITCOIN, Green Or Red path?The red path can see the targets of $7,156 to $5,564 if the curve breaks from the bottom. But if the lower curve is not broken, it can see the targets of $74,160 to $88,260, which is also the ceiling of the upper curve. In the time of 1 month, we have reached close to oversaturation, which means that we have the possibility of a short correction, but in the time of 3 months, we have reached oversold, and this means that after this correction or a sharp fall, we will reach the end of wave 5 of the red path. Or it completes the 2nd rising wave and moves towards the targets.
INDEX:BTCUSD
by Rezaei0013
1
Bitcoin Accumilation Phase 2023 update what about that ... i mean what if the 64k was the real top and 17 k was the real bottom !!!.??? sorry guys im not a good speaker but i try to let the chart talk about himself ...:=) i hope my ideas help ... good luck This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair. Please conduct your own research and consult with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSDLong
by Yassine_Houd
2
Surrender Bears! Accumulation above 26,747 ? 📽️Timeframes are closing above Weekly Zone 26,770. Unless during the next 22 hours we see a 1.22% dump below our weekly level , I'm Looking up from here. Price has returned into our range from the second half of May between Daily Zone 27,400$ and 26,747$ Weekly Zone. Price printed a solid Bull candle rejecting our Weekly level which was anticipated. Price consolidated and dropped slightly during yesterday's daily candle. We haven't started dumping and price has been consolidating along the Highs of our Daily range from the Second half of Month May. The Highs during the Second half of May being 27,400$. As the New week begins I am looking for an Increase in Bitcoin as the debt ceiling controversy ends and the Summer begins. 29,246 Weekly Level is our target for the 1st half of June. Safe Trading.
COINBASE:BTCUSDLong
by ShrewdCatfx
Btc Update in My Opinion Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k. If Bitcoin seems to be pumping, you guys don't think the bullrun has started. Because if we analyze the chart from the previous halving, Bitcoin looks like a dump. This is a swing trade, it may take time to hit the targets, so it is recommended only for those members who have patience according to their financial condition. Only those who can wait should take this trade according to their financial condition.
INDEX:BTCUSDShort
by Houseofcryptokings
A 1 off Pump? Bitcoin Profit Taking -> ₿ BTC Bulls Investors - " We want a pump back to all time highs to earn money " Institutions/Insiders - 1) " We want pump as well to earn money, but we must wipe out investor accounts and create a reset in price. 2) " We will clear out the bull investor liquidity first. When there is blood in the streets, we may consequently re-stock our inventory of BTC and maybe we will pump to all time Highs" 3) " Or we will simply create a reset in price once again" There are a few types of fish. Stay 1 step ahead and plan your participation in the market. It may take a while to learn what works for you. But once you do, you can survive and grow you account ever-increasingly with a repeatable process in place. May gold line thy pocket with time and patience. Time and patience are the 2 greatest of warriors. Say no more. We may anticipate a retest of weekly support level 26,770 before a continued pump on bitcoin. Alot of players may be willing buy at these prices because of a fear of missing out. This could be the very reason why we will see a decrease in price. In the short term I am anticipating a return back into our Daily Timeframe range between 27,403 $ Resistance and 26,334$ Support
COINBASE:BTCUSDShort
by ShrewdCatfx
Key Levels are Magic 🪄 Create only the Best Risk/Reward Ideas!Someone recently asked me if the zones I draw on the chart is an indicator. This speaks to the amount of experience and level of competence that is easy to forget about. My ability to spot key level's and price areas on the chart is not something that is acquired overnight. It's a culmination of trial and error over the years and a loss of a significant amount of cash. It came at a large cost. The Latter is not necessary to understand the best key level's and price areas to trade off. Something that I recall over the years is the fact that I was never Self-Conscious about looking like a fool. We are all fools when we begin a new endeavor. I never hesitated to share my analysis with my mentors. Feedback can be quite painful but if you make it a habit, then it will return unto you by the tenfold. Take this zone (27,136$ ) which was our 4Hr Support zone. I Say "was" because there was once a time when the 4Hr timeframe respected it as a Support area on May 28th. It is now characterized as a 4Hr S/R Zone because we have seen multiple candles clearly close below it.. and it could, and I say could because there is no guarantee in the markets. It could act as a Resistance zone now and facilitate the distribution of orders as we continue our short term descent down to our next Key Level -- Weekly Level 26,770 $. If we arrive at the weekly level we will most likely have a reaction. A general rule of thumb to go by in the markets as a Price Action Trader - The Higher Timeframe the key level, the more probable it is that price will offer a good Risk/Reward trading idea off that level. The only guarantee is that there are good Risk - Reward Ideas and bad RR Ideas. So I might as well use my knowledge of the best price areas to create only the best Risk/Reward Ideas. For example, I will only trade off the 4Hr timeframe and Timeframes above that ( I have found this to be a good rule in the Forex market). I will only take trades that in which I Risk 1 to earn 3. In that way my win percentage may only be as good as 30%, yet after paying commissions/spreads to the intermediary, I earn a profit. It is important to note that the monthly candle is closing in 2.5 Hours. Th Monthly candle is closing bearish and this may cause volatile price swings as position traders and Institutions manage their trades. It seems that we have accumulated a significant amount of liquidity after the market was pushed up to 28.5K because look at the daily timeframe. The market didn't hesitate all that much to quickly drop back and retrace a majority of the gains. As we move into the next monthly candle, we may very well go to create a bottom wick first as the current monthly candle is closing bearish. This is reasonable argument. Idk what are your thoughts? Please comment below.
COINBASE:BTCUSDShort
by ShrewdCatfx
BTC Trading Setup- Smells like a Bullish Pennant Pattern. - Easy setup for scalpers. - Everything in graph like always. -------------------------------------------- Trading Plan -------------------------------------------- Buy : $26,500$ ish ( 25% invest ) Rebuy : $25,150 ish ( 75% invest ) TP1 : $37,000 TP2 : $41,000 SL : $24,500 ish -------------------------------------------- - Respect your Plan. - Don't be greedy. - Gamble with what you can afford. - Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
8
BTC Daily close under key resistance.BTCUSD has closed under key s/r level at $26600. Expected move down to key s/r level at $25200. If this level holds, or deviates below and reclaims then long towards yearly highs. A breakdown of this level means that we can expect a revisit of the yearly open. Currently SHORT BTC from $26600 and not expecting $25200 level to hold due to key macro-economic factors. Wrong on a reclaim on the daily of $26600. FIrst TP at $25.2k and next TP at 20k. Eventually targeting yearly lows.
COINBASE:BTCUSDShort
by pinkzigzag
3
Could SHIBUSD outperform BTC after potential bounce back?Are you tired of hearing about Bitcoin's ups and downs? Let's talk about something more exciting - the SHIBA INU bounce back! So why should you care? For starters, SHIBA INU has been making waves in the metaverse. That's right; there's a whole Shiba Inu universe out there waiting for you to explore. From NFTs to gaming, the possibilities are endless. And let's not forget about the community. The Shiba Inu community is one of the most passionate and dedicated groups. They've even donated millions to various charities, including COVID-19 relief efforts. So what are you waiting for? Don't miss out on the SHIBA INU hype train. Instead, join the community, explore the metaverse, and see why this little pup is giving Bitcoin a run for its money.
BINANCEUS:SHIBUSD
by bryandowningqln