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BTC will not dip below $ 69k again.Hi everyone, In a lot of ways, (four days later!), BTC will not dip below $ 69K again. 1- Based on historical trends following the halving ... 2- Elliott Wave Theory! Proof of claim: As you know, wave ((1)) and wave ((4)) cannot overlap. For this reason, there is only one possibility for the long-term outlook. This can only mean one thing: BTC will not dip below $ 69K again. As a result, the best time to buy Bitcoin is now Appendix: and then
INDEX:BTCUSDLong
by BTC-XLM
31
Bitcoin's LAST Hurdle: Short-Squeezing To New Highs!Bitcoin has shown that it's ready for a new all-time high by printing relatively big green candles over the last 3 days. However, the 73k-74k area remains an area of big resistance. Previous buyers are looking for an exit, whilst patient bears wait for the perfect short. My best guess is that Bitcoin is going to trade around the purple area for a couple of days, flushing out over-leveraged bulls and bears. However, the break out that will follow will likely be violent. With all the short-stops lying above the current all-time high, it's more than likely that the new all-time high break out will take us multiple percentages above the current ATH. I'm personally aiming at 80k within the first 1-2 days, potentially even 90k in the first week after the break out. Be patient and dont trade small fake-outs.
Long
by FieryTrading
$70,000 continues to be an obstacle for BitcoinYesterday, Bitcoin again tested the resistance near $70,000 but failed. After soaring to $70,258, it quickly dropped below $69,000, where it currently trades. Overall, not much has changed from a technical perspective since our previous update; merely the sideways trend of a lesser degree became more apparent, with Bitcoin struggling at the $70,000 mark. As such, our focus continues to lie at this point, along with the two sloped channels shown below. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) above shows the descending channel, with its upper bound acting as an important resistance for the price. To support a bullish case in the short term, it would be ideal for Bitcoin to close above the resistance level for multiple consecutive days; the resistance’s importance grows with each retest. Illustration 1.02 The image above shows the ascending channel within the larger descending channel; its lower bound acts as a resistance. Illustration 1.03 The illustration above displays an alternative trendline on Bitcoin's (BTCUSD) daily graph, which acts as critical support for the price. Technical conditions Daily time frame = Neutral Weekly time frame = Bullish (losing momentum) Monthly time frame = Bullish Bitcoin addresses Initially, the number of Bitcoin addresses with balances exceeding 1,000 BTC increased slightly after the big slump we described on 29th May 2024. However, while this figure is still above its 28th May 2024 level, it resumed a decline in a new month, which is not a particularly positive sign. The same trend can be observed among the addresses with balances exceeding 100 BTC. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
BTC looks okay, 1st phase pretty much complete, phase 2 nextTurned bullish on CRYPTOCAP:BTC during the beginning of May. Futures #BTC looks good but the volume is lacking a bit. RSI looks okay but not great. $ Flow is not that great either. Spot #Bitcoin = ditto. However, technically they look good, they are trading above their respective moving averages. What would seal the deal? HUGE volume breaking highs! -------------------------------- Not shown here, pls see profile for more info. Noticed an interesting weekly CRYPTOCAP:BTC pattern. Will speak on that later as the pattern will likely resolve months from now. Want to see what happens within the next couple months first. Spot #BTC hasn't proven it's better to chart vs futures #Bitcoin, doubt it will until it counts (meaning it'll change when things hit the fan). Current box is the best looking. We'll see what happens very soon. #crypto
CME:BTC1!Long
by ROYAL_OAK_INC
1
BITCOIN - Price can continue to fall to support level in flatHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge pattern, bouncing down from resistance line and breaking $62200 level. But then, BTC made upward impulse to $66600 level, breaking $62200 level, and even soon broke $66600 level too. Next, price continued to move up and in a short time later exited from wedge and even entered to resistance area. After this, Bitcoin turned around and started to trades in flat, making a fake breakout of $70700 level. Recently price fell to support level, but then bounced up and now it tardes almost near top part of flat. At the moment, I think price can make upward movement first, and then continue to fall to $66600 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
BITCOIN Major Bullish Break-out taking place.Bitcoin (BTCUSD) broke today above the top of the Falling Wedge pattern, which is technically the Bearish Leg of May's Channel Up. If the days closes above it, we will have a repeat of the May 13 Bullish break-out but this time even stronger as the 1D Stoch RSI has formed a Bullish Cross on oversold territory. As mentioned on our previous analysis, the last Bullish Leg of the Channel Up peaked at +19.50%, so we expect BTC to replicate this. Our Target is 79000. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
5
BTCUSDT (bitcoin), falling after bulls activity.Hi friend. There is situation when we have clear bulls accumulation and distribution at once. But finally market accumulate more than 4 x bigger bullish volume then distribut. So i mark intresting market levels and first bearish target is 66448. Dont forget to support me. And have a nice trading week. 💪 Also remember that crypto like another exchange tipes its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.
Short
by JinFlark