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BTC-USD

BTCUSD Weekly Forecast | 22nd May 2023Technical Confluences Current resistance at 26652.45 Support at 25214.57 Idea On the Daily timeframe, the price has been on a downward retracement for the whole of last week. BTCUSD is currently resting along the support-turned-resistance level at 26652.45. If the bearish momentum continues, we could see the price retest the major support at 25214.57 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
COINBASE:BTCUSDShort
by OlympusLab
A bearish and Bullish Outlook On BTCUSDThis is a friend chart that has a bearish outlook for potention reversal or Crash to 2018 Lows Prentending that Btc has a 16 year Cycle where each 8 years we can take previous cicles lows Which mean 2026 bear market could be really drastikkkk But let keep our Pants tight and see if BTC is about to make a breakout like in May 2019 While this current cycle show similarities with the 2019 Btc Time Cycle The oods favor the Bulls but the chart could be setting the biggest bull trap or a second level bear trap DYOR This is not a trade advice or signal
COINBASE:BTCUSD
by Wakandian
3
🔥 Ethereum Bullish Triangle: Long-Term Bullish Trend?In my last ETH analysis I talked about the fact that we were breaking through the bear market resistance, with a target of 2000. Now that we're nearly there, it's time to take a look at what lies beyond 2000. On the chart I've drawn a bullish triangle pattern. I'm taking some liberty with the FTX drop, but my point stays the same. ETH is on the verge of reaching it's highest value since May 2022, which is already bullish in itself. In my view, we can reach further than that. Keep in mind that we can still reverse from the 2000 resistance, albeit a smaller probability than breaking out. My first target area is around the summer 2021 lows, which ranges from around 2300-2500. This is my target for the time being. In case we will move further up, I'm looking at the top blue area of resistance. I doubt whether we will actually reach the top area, but a man can hope. Macro still looks bad in the long-term. But, as long as the stock market keeps climbing and inflation keeps dropping there's little reason to be bearish on crypto as a whole.
KRAKEN:ETHUSDLong
by FieryTrading
2
Wild S&P Nonsensery Who could have guessed markets would rally in an ocean of bad news: Worse than expected CPI Worse than expected PCE Worse than expected Chicago PMI Joblessness Rising Missed Earnings Q2 GDP Contraction in Recession Collapsing Home and Auto Sales Who knew you could miss earnings, lose millions in revenue and your stock price rallies like Microsoft, Boeing, and Google. BestBuy which is a horrible performer in economic downturn also slashed guidance and their stock price rallied 10%. This market has become an utter joke and its pure manipulation due to QE and Buy Backs. At this point, I'm bullish. The more the bad news, the higher the market goes. Targets for S&P - 4209 - 4293 - 4340 If we break the dotted yellow line, we could see this going up towards the 4300 mark to the MA of 4350ish. If WWIII gets announced, I suspect this will rally to well over 7,000 or higher. There is no danger of a double top either at 4200, that is now a myth. Recession is a myth. Americans are actually FLUSHED with cash and prices aren't high enough and things in the US couldn't be better.
CME_MINI:ES1!Long
by WorldEconomics
2
BTC and the DXYOvernight as the DXY strengthened massively, Bitcoin fell to retest the support level of 22,000. Hence, again highlighting the relationship between BTC and DXY. Bitcoin has become a popular alternative investment option that has garnered the attention of traders worldwide. Meanwhile, the US Dollar Index ( DXY ) remains a crucial benchmark for the strength of the US dollar against a basket of major currencies. Although Bitcoin and the DXY may seem unrelated at first glance, there is evidence of a negative correlation between the two. One reason for this correlation is that Bitcoin is often viewed as a hedge against inflation and a safe haven asset in times of economic uncertainty. As the value of the US dollar weakens due to inflation or other factors, investors may turn to Bitcoin as a store of value. Additionally , monetary policy decisions made by the Federal Reserve can have a significant effect on the value of the US dollar. When interest rates are low, investors may seek higher returns in alternative investments, such as Bitcoin. On the other hand, when interest rates are high, investors may prefer to hold US dollars, leading to a positive correlation between the DXY and Bitcoin. Lastly , another factor influencing the correlation between the DXY and Bitcoin is the increasing use of Bitcoin as a means of payment and store of value in countries experiencing economic turmoil. In these cases, a weaker local currency may drive demand for Bitcoin as a more stable alternative, leading to a negative correlation between the DXY and Bitcoin. So, how can traders make use of this information? One way is to monitor the DXY and Bitcoin charts and look for signs of correlation or divergence. For example, if the DXY is showing signs of strength, traders may consider reducing their Bitcoin positions or even shorting Bitcoin. Conversely, if the DXY is showing weakness, traders may want to increase their Bitcoin positions or go long on Bitcoin. Furthermore, traders can also use technical indicators, such as moving averages and Relative Strength Index (RSI), to identify potential trend reversals in the DXY or Bitcoin. By combining technical analysis with an understanding of the correlation between the DXY and Bitcoin, traders could make more informed investment decisions. Ultimately, the negative correlation between the DXY and Bitcoin is a crucial relationship that traders should monitor. And by understanding the factors that influence this correlation, traders can make informed investment decisions and adjust their strategies as market conditions change.
BITSTAMP:BTCUSD
by JinDao_Tai
Bitcoin Outlook 7th March 2023Following the news that Silvergate Capital Corp suspended its crypto payments network and expressed doubts over the viability of its business, Bitcoin and most other crypto currencies crash to trade significantly lower. Before the news, Bitcoin was trading slightly above the 23,400 price level with market expectations that the price could reach 25,000. However, Bitcoin broke below the 23,000 support level to trade down to the 22,000 support level following the Silvergate news. Currently consolidating along the 22,500 price level, it is more likely that Bitcoin could see further downside, especially if the price breaks out of the consolidation to the downside. Beyond 22,000, the next key support level is at 21,400.
BITSTAMP:BTCUSDShort
by JinDao_Tai
4
BTCUSD Potential Forecast | 3rd March 2023Fundamental Backdrop 1. Cryptocurrency movement continues to be muted. 2. Bitcoin have a long way to retrace further. Technical Confluences 1. Price has rejected off a H4 area of resistance. 2. Strong bearish momentum ensued. 3. Currently price is flirting the H4 level of support at 22500. 4. Price have potential to come lower to the next H4 level of support at 21400. 5. Price is resting well below the ichimoku cloud, signifying bearish intent. Idea Looking for short positions to enter into the market to take price down to the H4 level of support at 21400. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
COINBASE:BTCUSDShort
by OlympusLab
1
BTCUSD Potential for Bullish Rise to recent swing high Looking at the H4 chart, my overall bias for BTCUSD is bullish. As there is an ascending trend line, expect the price may head back to retest at the ascending trend line, before it goes up. Looking for a pullback buy entry at 22816.75 where the 61.8% Fibonacci line is, take profit at 25174.19 where the recent overlap swing high is. and stop loss at 22055.12 where the overlap support is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:BTCUSDLong
by Rockqet
2
BTCUSD Futures ( BTCUSD ), H4 Potential for Bearish DropTitle: BTCUSD Futures ( BTCUSD ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 25270.00 Pivot: 23815.00 Support: 21376.00 Preferred case: Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a possible shift to bearish market structure. If this bearish momentum continues, expect price to drop from the pivot at 23815.00 where the 38.2% Fibonacci line and overlap resistance is and continue heading down towards the support at 21376.00 where the previous swing low was. It’s worth noting that there is an intermediate support at 21939.00 which price might struggle to break through. Alternative scenario: Price may head back up towards the resistance line at 25270.00 where the recent high is. Fundamentals: There are no major news.
BITSTAMP:BTCUSDShort
by Genesiv
BTCUSD Potential for Bearish Drop | 27th February 2023Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a possible shift to bearish market structure. Looking for a sell entry at 23815.00 where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 25270.00, where the recent high is. Take profit will be at 21376.00 where the previous swing low was. It’s worth noting that there is an intermediate support at 21939.00 which price might struggle to break through. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BITSTAMP:BTCUSDShort
by Rockqet
You all ready for thisLets talk about a healthy market. In a healthy market we cant expect 100% all the time what goes up must come down. I could be posting this to have the market prove me wrong, by watching what i post and going the opposite way. but with such a strong increase we almost want bears to come out and take this down a notch only so we can watch the bull market fire back. one of my favorite videos is listed in this link about bitcoin. click it or dont click it but its pretty damn funny and the way of the market www.youtube.com same video with the share link youtu.be
COINBASE:BTCUSDShort
by NC-HAMMER-CRYPTO
1
BTCUSD Futures ( BTCUSD0 ), H4 Potential for Bullish RiseTitle: BTCUSD Futures ( BTCUSD0 ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 28972.4 Pivot: 25359.0 Support: 23864.4 Preferred case: Looking at the H4 chart, my overall bias for BTCUSD0 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 25359.0 and continue heading down towards the overlap resistance at 28972.4 Alternative scenario: Price may head back down to retest the support line at 23864.4 which is the overlap support and 38.2% Fibonacci line. Fundamentals: There are no major news.
BLong
by Genesiv
BTCUSD Potential Bullish Rise to Overlap resistanceLooking at the H4 chart, my overall bias for BTCUSD is bullish. As there is an ascending trend line, expect the price could possibly head up to the recent overlap resistance. Looking for a pullback buy entry at 23393.69 where the 50% Fibonacci line is, take profit at 25206.78 where the recent overlap swing high is, and stop loss at 22834.51 where the 61.8% Fibonacci line is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:BTCUSDLong
by Rockqet
BTCUSD Futures ( BTCUSD ), H4 Potential for Bullish RiseTitle: BTCUSD Futures ( BTCUSDT ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 228990.4 Pivot: 25299.4 Support: 23854.8 Preferred case: Looking at the H4 chart, my overall bias for BTCUSDT is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 25299.4 and continue heading down towards the overlap resistance at 28990.4 Alternative scenario: Price may head back down to retest the support line at 23854.8 which is the overlap support and 38.2% Fibonacci line. Fundamentals: There are no major news.
BLong
by Genesiv
BTCUSD Potential For Bullish Rise to overlap resistanceLooking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 25270.00, where the recent high is to ride the bullish momentum. Stop loss will be at 23815.00, where the overlap support is. Take profit will be at 28686.37 where the overlap resistance is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BITSTAMP:BTCUSDLong
by Rockqet
BTCUSD Futures ( BTCUSD ), H4 Potential for Bullish RiseTitle: BTCUSD Futures ( BTCUSD ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 228990.4 Pivot: 25299.4 Support: 23854.8 Preferred case: Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 25299.4 and continue heading down towards the overlap resistance at 28990.4 Alternative scenario: Price may head back down to retest the support line at 23854.8 which is the overlap support and 38.2% Fibonacci line. Fundamentals: There are no major news.
BLong
by Genesiv
BTCUSD Potential For Bullish Rise to overlap resistanceLooking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 25270.00, where the recent high is to ride the bullish momentum. Stop loss will be at 23815.00, where the overlap support is. Take profit will be at 28686.37 where the overlap resistance is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BITSTAMP:BTCUSDLong
by Rockqet
2