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Ethereum can't escape from bear grip, targets $882 firstThe price of the second largest cryptocurrency can't raise its head to catch up with elder brother Bitcoin. I detected three signs that the bear trend could resume soon. 1) price broke below 52-week (past 1 year) moving average and during retest it failed to break back above it; 2) RSI is below 50, bearish, also retested the resistance and failed either 3) clear consolidation on the price chart, which implies the resumption of primary downtrend The price could retest the bottom of the first leg at $882. The ultimate target is to complete the full cycle and touch the very bottom of $78, which, indeed, sounds apocalyptical.
Short
by aibek
4
ATCryptoScan : BTCUSD at that time before launch againLooking back at the BTCUSD weekly charts, there appears to be similar, if not the same, technical conditions before the start of a massive BTCUSD rally. This comes with both MACD and VolDiv crossovers and a breakout of a trendline after a period of consolidation. Marked out by time lines, the Green lines are the most similar to current (yellow), and the orange has only a differing VolDiv. All are breakout points and appears to be great accumulation start points for the next year or two. Just weeks ago, a similar technical set up was made, and today is a couple of weeks after... Clear correlation here, so we know what the most probable for the next year going forward... Seriously Bullish BTC PS. this is the repeat post... the amended version.
BITSTAMP:BTCUSDLong
by Auguraltrader
The key is whether it can rise above the 1st section Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) When a new candle is created, you should check whether there is support near 68393.48. And you should also check what movement the StochRSI indicator will show. From the current position, the important support and resistance sections are - 68393.48-71280.01 - 65602.01-65920.0 - 61099.25 The three sections above. If the price is maintained above the HA-HIgh indicator, a full-scale uptrend (stepwise uptrend) is likely to begin. However, it is important how the BW (100) indicator section, 68393.48-71280.01 section, is broken upward. - (1D chart) Therefore, the key is whether the price can be maintained by breaking upward through the first section, 68393.48-69031.99 section. If not, you should check for support near 65920.71-67414.39. Since the HA-High indicator on the 1D chart is formed at the 67414.39 point, the point to watch is whether it can receive support near 67414.39 and rise. - The StochRSI indicator is showing signs of turning upward. However, it has not yet risen from the overbought zone, and StochRSI < StochRSI EMA. Therefore, when a new candle is created, you should check how the StochRSI indicator appears. When the StochRSI indicator falls below 50, the decline is interpreted as a strong decline, but eventually you will find the time to buy. Therefore, when the StochRSI indicator is below 50, it is recommended to create a trading strategy from a buy (LONG) perspective. If you trade from a sell (SHORT) perspective, you need to respond quickly and briefly. The StochRSI indicator is not an all-purpose indicator, but it allows you to know the timing of response and the intensity of the wave to some extent. Therefore, if you use the StochRSI indicator, you will have less conflict about whether to go up or down right now. In addition, since you are more likely to trade in the direction of the trend, you will be able to reduce the number of times you cut your loss. - Due to the changes in the chart, the next volatility period is likely to start around November 4th. So, let's check the overall flow when the new month starts. --------------------------------------------------- If you use the Linear Regression Channel indicator in TradingView indicators, it will automatically draw a parallel channel according to the current price position. You can set the indicator settings to suit you. However, the recommended settings are 50 (Length), ohlc4 (Source). I think that chart tools such as trend lines, channels, and Fibonacci are tools for chart analysis. Therefore, I do not recommend using chart tools to create trading strategies. In order to create a trading strategy, you must have support and resistance points drawn on the 1M, 1W, and 1D charts. If you have drawn support and resistance points, you can create a trading strategy by checking whether there is support at the support and resistance points by referring to the analysis with the chart tool. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTC - a last dip before new ATH ?The chart is in 3H cause couldn't zoom out more with lower timeframes :(( Pattern recognition at its best since the low of the 10 October, the price action is an extremely exact copy paste of march/April ATH : - A significant top, ATH for the first pattern and 3 months high for last week - first take profits, to 200MA 4H for the first pattern, to 100 MA 4H, 4 days ago - 2nd wave and 3rd wave higher than the second (almost hit ATH), the second wave has been made and BTC will probably make the third tomorrow in April this followed a correction. The pattern was bigger in April in % price and in time, so we should see shorter waves and lower price movements now. The conditions for this to continue as the last time and to see the last dip is to have a 3rd wave going around 69K : - if we break above 69k the pattern get invalidated - if we stay to long time above .618 fib extension at 66K3 the pattern get invalidated _________ Careful don't mind me, I'm neutral on this idea, and will not do anything before seeing a clear path. What changes now from April is that the halving was priced in way before so I'm seeing also lot of reasons why prices could just go above 69k and fly from now _________ Last but not least, BTC is for the moment following the orange path from my precedent idea, putting my target for fall 2025 at 240K, but this can change a lot Good Luck Cheers
COINBASE:BTCUSD
by Investwine
BTC Quick Update: Bull Flag Breakout in Sight, Targeting $80k!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Welcome to this quick BTC Update! BTC is currently trading around $67.5k and moving within a bull flag structure on the 4-hour time frame. A breakout from this flag is still pending, and there’s a chance we might see a brief drop to FWB:65K on Monday before a breakout occurs. Once this bull flag breaks, the target is set at $80k. Entry Range: FWB:65K -$66k Target: $80k Invalidation: 4-hour close below FWB:65K What do you think of BTC’s current price action? Are you seeing this bullish setup as well? Share your analysis in the comments, and let’s ride this wave together!
Long
by CoreCrypto1
BITCOIN TARGETS 70000$ - BTC BULLISH MOMENTUM IS RISINGBitcoin recently broke and closed above the massive diagonal trendline that had been driving the weekly bearish trend since March 2024. This weekly breakout and close above the trendline gives me strong confidence that a bullish weekly momentum has begun. After the breakout, Bitcoin retraced into the weekly demand zone and showed a strong rejection. During this retracement, it also ran the daily swing liquidity and attempted to close below for six consecutive days. However, buyers defended the daily swing level strongly. This indicates that Bitcoin is likely aiming higher, with the first target set at $70,000. Other targets can be seen on the chart as well, and I’ll be watching these levels, ultimately aiming for an all-time high. I’m feeling quite bullish about the crypto market at the moment.
Long
by UA_CAPITAL
1
ADA Caution!Considering cycle theories and assuming Altcoins - especially those from 2015-2017 - could be in different corrective phases than Bitcoin, investors could be in a big surprise for the next upcoming months. While Bitcoin is potentially in its last cycle (retail wave 5) before its first major correction, the older Altcoins are still in their wave 2 which results in a long exhaustive ABC phase and often corrects more than 50% of the first impulsive wave which would also coincide with the 1.618 Fib. This would mean that alt-season - for the older big coins - is not here yet. Regarding their meteoric rises after more than 10k% the fundamentals need to catch up to overvalued prices, which takes time. A lot of people are confused and complaining about the "blue chip coins" not going up, especially Cardano, while Market Makers play the long game and suppress Altcoin prices artificially, simply keeping them in a big trading range and in corrective mode till their first cycle ends and the next begins. ADA e.g. shows striking resemblance to NEM (XEM) with a similar corrective structure and sits on long time life support. The more it pokes on it the more it's gonna get dangerous for the next breakdown to the 0.10-0.20$ region.
CRYPTO:ADAUSD
by PizzaDriver
6
ATCryptoScan : BTSUSD at that time againLooking back at the BTCUSD weekly charts, there appears to be similar, if not the same, technical conditions before the start of a massive BTCUSD rally. Marked out by time lines, the Green lines are the most similar to current (yellow), and the orange has only a differing VolDiv. All are breakout points and appears to be great accumulation start points for the next year or two. Just weeks ago, a similar technical set up was made, and today is a couple of weeks after... Clear correlation here, so we know what the most probable for the next year going forward... Bullish BTC
BITSTAMP:BTCUSDLong
by Auguraltrader
Bitcoin: Hasn't Reached Optimal Price.Bitcoin showing a higher low consolidation just above the 64K area support. Relative to the previous bullish structure, this signifies a higher likelihood that a higher high will follow, it's just a matter of catalyst. In the mean time, price can fluctuate either way from the current point (random). While the trend may be obvious in this situation, timing it effectively has everything to do with recognizing high probability price locations, setups etc. Otherwise you can make the mistake of assuming greater risk than you realize. In this article, I will describe the high probability, lower risk scenario that the market MAY OR MAY NOT present in the coming week. One thing I recognize is that price continues to flirt with a resistance zone which makes this a tricky play for swing trades (at the time of writing current candle is inside bar). The 67K to 70K area is still a resistance zone (blue rectangle) and a higher risk location for long swing trades. In such scenarios when location is high risk but buy signals appear (break of inside bar high for example), it is more effective to assume risk on smaller time frames like 4H or 1H, and attempting to participate for a smaller bite. The risk that you are minimizing in this situation is the possibility that the 65K minor support is tested again and/or broken (see arrow). The higher probability and lower risk scenario would be IF price can test the 64K support, followed by a reversal confirmation. The location is much more attractive since the potential profit is greater (3K+ points) coupled with much lower RISK (1 to 1.5 max) compared to 3K+ points of risk at the moment relative to this time frame. The illustration on the chart summarizes the ideal scenario that IF the market shows, would be a high probability swing trade long opportunity (which requires entry confirmation). These scenarios that I present are dependent on the price action confirmation otherwise risk cannot be justified. Even having a confirmation process (like the Trade Scanner Pro) does NOT guarantee the trade idea will produce a positive outcome. After all, markets are HIGHLY random and outcomes are often the result of unexpected information being priced in. This is why technical analysis cannot be relied upon over longer time horizons, but can be helpful for quantifying risk. Managing a position effectively no matter the time frame has everything to do with having properly aligned market expectations. First you uncover an idea, LET the market confirm the idea, from there it goes the right way or the wrong way. Your expectations will then shape how you manage the position as it fluctuates. The key to effective management is having an open enough mind to let the market pay you more when IT wants to, while being decisive enough to get out the moment you recognize what "wrong" looks like (or using other risk control methods like a stop). All of this information can be acquired from price charts or tools developed to simplify this process. Without any "process" you are most susceptible to relying on intuition and "hope" which will result in the typical retail trader experience: win sometimes but the account never grows for some reason. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
9
BTC/USD H4 Update BTC is finding support on the .382 level of the most recent impulse on the H4 timeframe. The price action is also finding support on the H4 100 simple moving average. RSI is 44 at time of publishing. Price is also near a local rising support. I think anything at or above the .382 retracement level is a good buy for the weeks to come. We might have a few days of sideways as the bull flag forms. Not financial advice. Do your own DD. Thanks for viewing the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
Bitcoin Still Targeting New ATHHey there, Just wanted to share an update on Bitcoin. Since March 2024, it has been trading within a 30% range, showing significant consolidation. I'm leaning bullish because Bitcoin has left a lot of untouched liquidity behind, and I believe it's only a matter of time before we break the all-time high. If you've been trading the long side swings, you've likely taken profits from previous order blocks. Interestingly, most traders are ready to go long on Bitcoin above $70,000 instead of taking positions within the current range (if we break immediatly, I would also long it on my Futures Account). Personally, I'll be looking to catch two separate spot buys with different position sizes if the market breaks down. It would be great to see a new low for a better risk-reward ratio. Best regards
Long
by umothegreat