Btclong
Bitcoin to push for a new all time high?Trade idea
Bitcoin - 24h expiry - We look to Buy a break of 65600 (stop at 64000)
Short term MACD has turned positive.
Short term momentum is bullish.
We look for gains to be extended today.
Price action continues to trade around the all-time highs.
A break of the recent high at 65525 should result in a further move higher.
Our profit targets will be 69600 and 70600
Resistance: 65525 / 68000 / 70000
Support: 64000 / 62000 / 60500
The whole market looks bullishBitcoin has a insane large descending triangle or wedge which already broke out from the upside and will have a bullish continuation until end of the year most likely.
S&P, Dow, Nasdaq have all a large descendinge broadening wedge which is ultimately bullish. Momentum is being built up and we can foresee a sudden but steady rise as well.
Gold has been hammering on the 2000 usd/ounce resistance for the 3th time, but might have a break out as well.. though it could have an averse effect if the stockmarket and cryptomarket turns bullish.
Nothing more to say.
Place your bets.
Bitcoin is about to reach ATH zone! Are we gonna break it?We're now formalizing consolidation triangle which is mostly telling us about to continue of the trend, means that we're expecting to continue to grow. So by growing we're reaching the resistance of ATH, I think after that we are going for correction, or we're going for correction after breaking ATH.
You thoughts guys?
When will bitcoin correction start?( I mentioned the time analysis in the last paragraph ) very important
In the previous time analysis, one day correction was correctly recognized and most of the altcoins had a sharp drop of 20-30%, but the support was well done and the entire drop turned into a shadow to prevent the market from bleeding.
Due to the extreme greed in the market, the analysis of Dominance Tether and Dominance Bitcoin, we reached the most sensitive days of the last year of the bull market.
Currently, Bitcoin is in a triangle pattern in the one-hour time frame, which occurs in case of a break from the ceiling, a purple movement type, otherwise, a blue or green roadmap.
Regarding time analysis, I think that tuesday march 12th (bold dashed white line)) is the most important day for some time when we have the possibility of the end of the bull run market cycle and going into a period of very strong bearish before the halving.
It was like a weather forecast 😂
I will be happy to write your opinion in the comments.
be careful
BTCUSDT Bitcoin to break 68KOn the short time frame we can see a triangle forming, look for the breakout to go above
68K.
Take profits at;
69852
Caution, the market is very volatile at the moment, expect BTC to have big moves down once it reaches 68K. Do not over leverage, use a stop loss.
Follow out channel as we will be giving signal in the near future!
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update.
A deep dive into the daily chart underscores Bitcoin’s sustained bullish trend, showcasing the prevailing dominance of buyers. Recent price movements reflect robust confidence among market participants, propelling the cryptocurrency past numerous critical and psychological resistance levels.
Notably, heightened buying pressure and strong bullish momentum have propelled the price above the upper boundary of the multi-month ascending channel, previously a formidable barrier to bullish advances.
This breakthrough triggered a short-squeeze event, activating a cascade of buy-stop orders. Consequently, should a pullback occur towards the breached trendline, the price is anticipated to extend its bullish momentum, targeting the significant $58K resistance zone.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update.
the price has rallied towards the 52K resistance level after a rebound from 40K earlier in January. While the market is testing the 52K level, the Relative Strength Index is demonstrating a clear overbought signal.
This could point to a potential consolidation or correction in the coming weeks. Yet, the 47,500 level can provide support and prevent a deep drop.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Bitcoin is exhibiting a bullish trendBitcoin is exhibiting a bullish trend within a rising wedge pattern. The price has been consistently making higher lows, following the lower boundary of the wedge. The rising wedge is often considered a bearish pattern in traditional technical analysis; however, in the context of a strong uptrend, it can also indicate a continuation.
Price is approaching the 0.618 Fibonacci retracement level, suggesting this could be a significant resistance area. A break above this level could lead to a test of the 0.786 level. Conversely, if the price fails to break through the 0.618 level, it could retrace towards the lower boundary of the wedge.
RSI is just below the overbought territory, which could allow for further upward movement before the asset is considered overbought. The MACD is in the positive region but shows signs of convergence, which could indicate a loss of bullish momentum.
Volume indicates higher volume at lower prices, suggesting that there has been substantial buying interest on dips. The current volume above the price suggests lower trading activity, which might indicate less resistance to upward price movement.
Overall, the market structure is bullish, but approaching a critical resistance level. Monitoring the reaction of the price at the 0.618 Fibonacci level and the upper boundary of the wedge will be crucial for understanding the potential future price movement. A breakout above the wedge could signify a continuation of the bullish trend, while a reversal at the resistance could see the price retrace within the wedge pattern.
Pi Cycle Indicates The Bottom of Bitcoin.Pi cycle indicator has shown a bottom signal in July month, that’s the third time in the history of bitcoin.
This indicator accurately predicted the 2015 and 2018 bitcoin bottom.
If this indicator works for the third time then we are at the bottom of the bitcoin bear cycle.
Thanks
Hexa
Market structure Shift? OR Fakeout?!It seems like we MAY have have seen a market shift “signal” in #BTC with the W formation with a HL AND ON TO ITS SECOND “wave”
If we break this zone to the topside I will look for longs.
If we break to the downside it’s possible we’re seeing the second wave down in our identified bearish trend (short term) and validates our current short positions.
The 50 EMA is going to be a good point of interest for me to decide to close my shorts and protect profits. Only Until we see some more confluence for a probable trade, I don’t like to “gamble”
Always protect your profits fam
I’m currently still in short positions
Why 48000 is a an easy target for Bitcoin ?With the bullish momentum and currently trading at the strong support bitcoin is aiming for 48K.
48,000 is an easy target for Bitcoin without any major resistance between current price 38K and 48K
-------------------------
VectorAlog Trade Details
-------------------------
Entry Price: 38000
StopLoss: 34000
------------------------------------------------------------------------------
Target is 48000, Move StopLoss to breakeven when Bitcoin price hits 41,000
------------------------------------------------------------------------------
Regards
BTC ANALYZE WEEKLY Greetings, trader friends
Bitcoin is near the resistance level on the weekly time frame
It seems that there is insufficient liquidity behind this level
Also, the rising channel has broken from the top, which shows the pressure of buying and consumption of liquidity
According to the designed chart, we will expect a correction in Bitcoin
If a good pivot is formed on the resistance, we expect the analysis to take place.
Degrees of BTC Know Your EnvironmentWhile crypto is an emerging technology sector as a whole, it is important to remember that BTC is a maturing 13-year-old asset.
Using a logarithmic chart of Bitcoin going back to the beginning, it is not hard to see the perfect curvature of price action as it searches for its fair market value.
Simple line tool measurements of the time vs. price increase of each bitcoin bull run show a stunning relationship of exactly 15 degrees of momentum loss from each exact bottom to the next exact high.
This is a monthly Bitcoin all-time history bar chart. Using the line tool and magnet, simply draw a line from each low to the next high. Use the line tool options to display the stats on-screen with the angle. If you zoom in or out, the angles will change degrees but will always remain near exactly 15 degrees apart. We have adjusted this chart for the first bull run angle to 75% to make it easy to see the successive 15-degree change each run.
Thankfully in this sequence there is one more 15 degree increment left meaning another run is most likely under way already. Looking at the logrithmic progression of the lows marked on the chart by the perfect red curve it would not be out of line to come down and tap it but breaking below it will happen some day and probably spell very bad news.
BTC Update - 10.02.2024 / Long confirmed4 hour chart:
The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks.
After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high.
I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions.
1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider).
2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short).
In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high!
Not financial advice, always think with your head! ❗
BTC Update - 06.02.2024 / Long is coming4h chartt:
on the senior time frame I see the price is in accumulation, the breaker imbalance is holding at the bottom, the key boundaries of accumulation at the top.
I think that the local minimum has already been seen, if we go even lower I will look for positions inside the accumulation lower, but I think it will not happen.
From above there are targets in the form of the key accumulation along with the seller's manipulation zone, also the key high.
I am considering positions from POI on ltf, or if we go lower into the breaker imbalance zone!
Not financial advice, always think with your head! ❗