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Bitcoinusdt

BTCUSD/D Is it an opportunity or a long slide for BTCUSD?Long-term BTCUSD analysis: The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin. The short-term trading trend remains SELL. Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year. We should seize the opportunity to buy this long-term BTCUSD. Recommendation: Plan 1: SELL BTCUSD zone 59000- 60000 SL 62500 TP 55800 - 52500 - 49000. Plan 2: BUY BTCUSD zone 47000-48000 SL 45000 TP 52000 - 58000 - 80000 - open. Plan 3: BUY BTCUSD zone 37000 - 40000 SL 35000 TP 45000 - 52000 - 59000 - 80000.
COINBASE:BTCUSDLong
by wetdyerap
BTC (Bitcoin): Approaching ResistanceTrade setup : Price got oversold (RSI ~ 30) near $56.5K support and bounced back up. It broke back above 200-day MA (~$58.7K) and above $60K key level, which signaled resumption of uptrend, and is now approaching our near-term target of $72K. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $72K to signal continuation of uptrend, with +10% upside potential to $79K next, or 2) pull back near $60K support for another swing trade entry in Uptrend with 20% upside potential back to $72K. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Neutral. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $60K, then $56.5K. Nearest Resistance Zone is $72K
Long
by altFINS
BTC – Weekly Perspective – 04/21 to 04/28BTC continues its saga. I believe this is a corrective saga. Being corrective, I believe that the end to this saga is the attempt to have a beautiful bullish rally soon. The FED could help with this "rally". What a thing, right? Monthly bias there is no change in strength, therefore the SETUP used still points to the bulls in the direction of this chart time. On the weekly basis, as I have been saying for some time, we are within a corrective bearish pivot. In principle, everything was normal. When faced with the daily bias, we have the situation in the image below, a bullish pivot, but with an arduous mission, to overcome the 68.4K region to continue with its upward trend without forming the C&H pattern. If you are unable to overcome this region, the correction may take place as shown in the image below. I would like to share a thought of mine with you: "Things should be measured in the long term, but never forget that they start in the short term! Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes below
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by MacD_Bollinger
Bitcoin: June 26th, 2024Hello dear traders. In this post, I am going to provide my thought process and a thorough analysis regarding Bitcoin and where we stand. First and foremost, let me be unequivocally clear that I am bullish, and I am going to provide the invalidation for my bullish bias, and also where my bullish bias will be ever more valid. Firstly, if you take a look at the HTF chart i.e. weekly and biweekly, you will see that price is respecting a major support level that used to be resistance (the grey rectangle). Price deviated twice above the box in the previous cycle and then the trend began with clear signs of rejection from the box. As long as we have no acceptance below the box, I am bullish. Acceptance for me will be a formidable candle slicing through the zone and then closing and finally spending time below the zone while showing signs of rejection. If we close a strong daily candle below it, I will exit my longs. Plus, the quarterly candle is retesting the previous resistance. However, the 2M candle is exhibiting mixed signals, but overall it can be seen as a form of retest too (These charts will be posted in comments section for study purposes). Now that we got the higher timeframe out of the way, let's focus on the daily. In the daily, one thing is definite: Price is range-bound above the previous resistance. What can further validate longs? Firstly a move above 63K - 64K. In other words, a move above the anchored VWAP and VAL. This will definitely be a positive step for longs. What will be absolutely bullish? A reclaim of 66K - 67K. That is to say a reclaim of the GP of the move down, POC of the range, and the mid-range. Considering the major VWAP charts (You can find the charts in the comment section), 66K is previous quarterly VAH. 62300 is current quarterly VAL. Also, 65600 is the current quarterly VWAP. In the monthly, 63500 is the current monthly VAL, and the current monthly VWAP is at 66600. Moreover, the previous monthly VWAP is at 64600. What do all of these mean? The same conclusions we made. Reclaim 63K - 64K and we have taken a firmly positive step. Reclaim 66K - 67K and and we are absolutely bullish. I use these metrics to draw conclusions, and they all point to the same results. My preference is a monthly close above 63K. You can find the charts in the comments section, and if you find this analysis useful, please smash the like button and share it. It goes without saying that this is my take on the current situation of the market and none of this financial advice, and I hope that this information translates into meaningful action for you. Good luck!
COINBASE:BTCUSDLong
by Trader_Nebula
BTCUSDTAnalyzing the 4-hour Bitcoin chart, we can observe a descending wedge pattern forming. Currently, the price has reached the support line of this formation. If it bounces off this support and breaks through the resistance line, it will confirm the upward momentum. These patterns typically indicate a bullish reversal, leading to a potential rise. Target: Bitcoin (BTC) Target: $71,000, expected to be reached within a week. Let's keep an eye on this pattern for a breakout to confirm the bullish scenario!
by benjaminxbt
btcPlan 1 From this first resistance, we play a little and the blue movement is done Plan 2 We have Time News today and Green Plan Important note We have three important areas where I don't do a lot of shopping We are in a short-term downtrend If the important resistance areas are not broken, the yellow lines are in sight We have news It is a personal opinionPlan 1 From this first resistance, we play a little and the blue movement is done Plan 2 We have Time News today and Green Plan Important note We have three important areas where I don't do a lot of shopping We are in a short-term downtrend If the important resistance areas are not broken, the yellow lines are in sight We have news It is a personal opinion
BITSTAMP:BTCUSD
by hosseinghaffari67
Bitcoin BTC price global view for next few monthsOn the #Bitcoin chart, you can see a combination of horizontal and dynamic fibo levels. It took us a long time to see something new.... But here's our summary: ️ ↪️ right now, the #BTCUSDT price is at a critical point. If buyers manage to keep the price above $57000-57300 until Monday, there will be a chance for a good price increase via the blue route 🟦 ↩️ fixing the CRYPTOCAP:BTC price below $57000 is the way for a sharp drop in the price to the $49-50k range. There are still many longers whose positions can be liquidated, and their assets can be taken into "stronger hands" Which scenario do you prefer: ❤️red or 💙blue? Because in our opinion, the #BTCUSD price should go into a protracted sideways consolidation for the summer of 2024. In this consolidation, the large capital that entered the cryptocurrency market through BTC ETFs may start flowing into less liquid altcoins, which could lead to local and selective bull runs. So, in our opinion, the most important task for the coming months is to track which altcoins or sectors of the crypto market capital is flowing into and buy on corrections. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
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