Potential bearish reversal?Bitcoin (BTC/USD) is rising towards the pivot and could potentially reverse from this level to the 1st support.
Pivot: 67,226.54
1st Support: 64,695.46
1st Resistance: 68,647.05
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BTC-USD
Could price reverse from here?BTC/USD is rising towards a resistance level which is an overlap resistance and could potentially reverse from this level to our take profit.
Entry: 66,918.86
Why we like it:
There is an overlap resistance level which aligns with the 127.2% Fibonacci extension.
Stop loss: 68,692.48
Why we like it:
There is a pullback resistance level that lines up with the 161.8% Fibonacci extension.
Take profit: 65,165.99
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Could price drop from here?Bitcoin (BTC/USD) has just rejected off the pivot which acts as an overlap resistance and could potentially drop to the 1st support.
Pivot: 63,223.31
1st Support: 60,588.92
1st Resistance: 65,521.94
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards 61.9% Fibonacci support, could it bounce?BTC/USD is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 59,747.26
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 58,396.57
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 62,037.46
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bearish drop?Bitcoin (BTC/USD) has just reacted off the pivot and could potentially fall to the 1st support.
Pivot: 63,135.96
1st Support: 61,766.40
1st Resistance: 64,370.98
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Rising towards 61.8% Fibonacci retracement resistance?Price is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 3113.58
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 3241.30
Why we like it:
There is a pullback resistance level which aligns wit the 78.6% Fibonacci retracement.
Take profit: 2852.89
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
BTC Long term predictions On the weekly timeframe these are my potential price paths leading up to and beyond the all important halving.
Using the volume profile indicator, it's possible to see where the highest volume areas are during the way down from the 69k all time high. These areas are where price will usually reach congestion where large orders are being defend and or added to in order to try and push price back in the original direction.
As shown BTC is currently inside a Bearish Orderblock and waiting for price to react off of it, and how Bitcoin reacts leads me to the 3 paths I have predicted:
Bullish Path - If btc flips this bearish OB and retests it with a confirmation as new support, next stop is 38k where the volume profile shows an area of high volume, and therefor resistance as the last time we were at this level the imbalance on the orderbook sent price lower. As price continues to retake previous bearish OB's and turning them into bullish ones by the time the next halving comes around we should be poised to look forward to retaking the ATH.
Neutral Path - I think the middle and most balanced of the 3 outcomes would make the most sense to me given the economic macro environment with the threat of recession looming over the crypto industry, but also the majority of the downtrend is over from the bear market, Btc dropped 77% from its high and although its possible to drop further it's inline with bear markets in the past.
Bearish Path - The bearish outcome leading up to and beyond is the current OB rejects price and sends it back to the POC (point of control) which would really hurt the market but isn't out of the question given the lack of available disposable income and free credit to invest going into the later months of 2023. Unfortunately this is quite likely in my opinion. However, the halving event that takes place this time next year has always started rally's in price, and last Bullrun began just before a halving event. So in conclusion HTF chop and then rally into the halving and beyond.
BTC/USD rising towards 50% Fibonacci retracement resistance?Price is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 61939.30
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 63139.51
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Take profit: 59040.34
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Could BTC/USD reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 67881.63
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 71339.38
Why we like it:
There is a pullback resistance level
Take profit: 59740.28
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
BTCUSD | APR 22 2024Probably a perfect shortsells setup is lining up on BTC. Dollar strength is getting abnormal mass bullish sentiment, which sets the market back into risk off regime and thus dollar long plays have become the thing to capitalize off of. Ideally would love to see the break below the trendline and a following up retest to enter any positions.
BTC enters the parabolic stage of the bullmarketPredicting the tops and bottoms of Bitcoin - in a macro sense - is not that easy. But some indicators can give us a clue or kind of sense of caution warning when to exit or enter the market.
One of them is the "MVRV Z" indicator. It is a chart indicator that uses blockchain analysis to identify periods where BTC is extremely over or undervalued relative to its "fair value".
Historically it has been very effective in identifying periods where market value is moving unusually high above realised value. It also shows when market value is far below realised value, highlighted by the green lines. Buying Bitcoin during these periods has historically produced outsized returns.
This chart indicator is generally useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where price may need to pull back when the score enters the upper red hot periods and also when price may rally after spending time in the lower green band.
Historically it has picked major Bitcoin price highs to within 2 weeks.
So far BTC has done a great job holding in the middle value band. It's in the stage of taking the next leap breaking out of it to the upside completing the bullmarket, also referring to past historical breakouts which happenend in similar fashion after a long lasting bearmarket.
Bitcoin Irregular Expanded Flat Fractal Straight Up 90kJust an idea, I noticed Bitcoin played out a fractal similar to the previous bull run top. If Bitcoin plays out this fractal then a straight shot to $90k could very well be in the cards. Obviously on the higher time frame it will be a little slower action that on the daily we just had but none the less it would go up pretty fast. I believe the current rally we are having is the first wave of a massive, massive bull run coming for Bitcoin. I think this run is going to go up so fast it will literally leave everyone behind that is waiting for new lows or even on the sidelines. When this thing goes it could make 50% moves up in a single day. Most people arent prepared for that and with all these exchanges ceasing operations in USA, almost one a day now, most people wont even be able to get in or get out at the top. Oh you got Coinbase App? Good luck, look at the history of Coinbase, their site goes down when things get crazy almost every single time, so by the time you get in Bitcoin on Coinbase Bitocoin may well be at 100K or more. Coinbase also cancels orders if it goes up to fast and refunds your money. If you are waiting on the sidelines make sure you have more than one avenue to get and get out so you're not left behind.
I dont know guys I see a giant bond collapse coming, and hyperinflation to try and prop up this giant house of cards, which wont work this time. Keep an eye on the Euro. When the Euro starts to tank the USA is maybe a week behind. Also watch silver, when silver starts going up $5 a day just know that shit has hit the fan and the collapse of the USA dollar and all the western republics is very near. Make sure you have some silver if you dont already just as money so you can buy what you need because no one will accept the US Fed Note Dollar. Good Luck out there. This is not financial advice this is just my opinion.
SHORT BTCUSD (TARGET IS LOWER OF 50K AREA)BITCOIN is still bearish and the correction to the downside is not yet over.
It is in a descending channel and retested the upper level and heading to the lower channel,
and possibly forming a head and shoulders on the 4H timeframe with the neckline being at a strong major support (Demand zone) at level 60k-61k and a break below will confirm its fall to next major support demand zone at area 52k which a major buy zone and maybe the end of the correction phase.
BTC FOR SCALPERS AND DAY TRADERS **2700 POINTS **Guys my last call is successful with 1200 points out of 1700 points cants able to acheive full
target due to market turns I mean divergence its a market benaviour gives you more surprises
time to time, we have to be alert always like a Eagle Eye.
Entry price ,stoploss, Target already marked in the chart itself FYI.
Guys pls like, share and follow my ideas .
Thank You and I wish everybody should win.
BTCUSD 1W The point that Bitcoin reached is the same point that led to the largest Bitcoin collapse in 2022
We must follow the weekly closure, as there appears to be a lot of activity during this period
The speculative deals that occurred hit their targets
Transactions in two parts are committed to, regardless of the direction of the market, there is no fear
HTF Markup 8-12 Jan 2024 W2 - XAU, DXY, GBP, JPY, AUD, NAS, BTC This is a Weekly post for several pairs showing HTF Markup using Smart Money Concept (SMC) only on Weekly, Daily and 4H Time Frames.
Feedback will be highly appreciated.
TVC:DXY
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OANDA:XAUUSD
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FX:GBPUSD
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FOREXCOM:USDJPY
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FOREXCOM:AUDUSD
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OANDA:NAS100USD
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COINBASE:BTCUSD
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BTC on symetrical triangle, whats next?we didnt get the Etf solved yesterday,
soo we didnt bounced from symetrical triangle ,
TA looks identical to yesterday TA with only some nuremous changes,
we need to stay calm and dont get into trade in
bad place, market is very volatile on last days
. Soo far structure is bullish and we might get daily close today above 44k.
But dont trade on outbreak from this triangle,
with this volatile i expect a lot of moves
and a lot of fakeouts before right trend direction.
Even if we break triangle up i still think we might
get big red candle down to take out
longs before another leg up
Bitcoin Price AnalysisBTC has broken out from the trendline and 43500 level, and it took support in the 43500 level too. As of now 43500 and 44500 are important levels to watch out for. It has been consolidating and is moving between the 44500 and 40500 levels for quite some time.
BTC has to break 44500 levels for further rally to continue in the medium to long term.
Any failure to hold on to the 43500 level can trigger further downside. Supports further down as marked in this chart would become important levels. Any fall below further supports and the 40500 level could harm the momentum of the bull run in the medium to long term.
Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
BTC Short Term AnalysisBTC has been consolidating for a while, and is expected to make a good move for the short term either up or down within the period marked by the vertical white line.
Support is seen @40500 and Resitance @45000. These are important levels to watch for, breaking this will create a new medium term momentum.
Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
DXY (Dollar Index) and Pamp/Dump BTC. Markets Cycles.USA Dollar Index + Bitcoin Pamp/Dump Cycles. Logarithm. Time frame 1 week. Minima and maxima of bitcoin secondary trends are shown. Everything is detailed and shown, including what everyone always wants to know. Cyclicality. Accuracy.
This is what it looks like on a line chart to illustrate simple things.