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Btcsignals

Should Bitcoin Bulls Be Concerned?In my previous analysis of BITSTAMP:BTCUSD , I expressed my expectation for Bitcoin to reach a new all-time high, which indeed occurred as the price broke above 70k and sustained that level for several days. However, following a brief test around 74k, the price began to decline and fell back below 70k. Now, a crucial question emerges: Is this a change in the bullish trend? In my view, it is not. Even though the current price of BTC sits at 65k, I interpret this as a normal correction rather than a reversal of the trend. Technically, the situation appears clear and uncomplicated: the trend remains strongly bullish. Even if the price were to drop to the 60-61k zone, I believe there should be no cause for concern, rather a good opportunity to buy. This zone represents a convergence of factors: the trendline, a horizontal level established after the initial ATH, and a psychological level. In conclusion, what we are witnessing is a typical correction. Even a drop to 60k, constituting a 20% decrease, should not unsettle anyone, given the robust bullish trajectory observed since November 2023. Best of luck! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
18
BUY BITCOIN MORE AFTER RETRACE TO 60K$ !!!HELLO TRADERS As i can see BTCUSD hit ATH and created a double top i am expected a weekly and month and daily its ATH now and in extreme Greed level now its good time to sell now till given buying levels and get minimum 9k pips on this trade... Friends we can buy BTC from given Strong support and hold till halving it can hit given Tps Grayscale Bitcoin Trust ETF ... Fidelity Wise Origin Bitcoin Fund ... ARK 21Shares Bitcoin ETF ... Invesco Galaxy Bitcoin ETF ... all are buying BTC for future Friends its just a trade idea share Ur thoughts with us Stay Tuned for more updates!
COINBASE:BTCUSDLong
by APEX_TRADING_ACADMEY
Bitcoin is pressing for a real ATHTwo days ago, following a very timid attempt at an all-time high, Bitcoin experienced a sharp and rapid drop to 60k. However, bulls regained control, and after some volatility within this range, the price stabilized between 65k and 67.5k. A closer look at the short-term chart reveals that pressure is mounting for an upward breakout, and this time, I anticipate a genuine all-time high. As long as the 63k to 64k zone remains intact, I expect the price to climb above 70k and possibly reach 78k in the next few sessions.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
6
After the New ATH of Bitcoin, what should we expect (Reasons)❗️❓😱Today, a new All-Time High(ATH) was created in most of the exchanges . Perhaps the movement of Bitcoin last week surprised many people, and many did not expect Bitcoin to touch All-Time High(ATH) before the new Halving . But it was expected that Bitcoin would react near the previous All-Time High(ATH), and the same happened. There are many reasons why Bitcoin should be corrected ( Fear and Greed index, Open Interest value, etc.). 💡 Bitcoin has started to decline from the 🔴 Resistance zone($69,000_$65,000) 🔴 and has managed to break the Uptrend line . 🌊According to the theory of Elliot waves , the end of wave 5 was in the 🔴 Resistance zone($69,000_$65,000) 🔴 , and we should expect correction waves ; one sign of the beginning of correction waves is the breaking of the Uptrend line . Another sign is the Regular Divergence(RD-) between two Consecutive Peaks. 💡One of the other charts that can help us confirm the Bitcoin correction is the Market Cap USDT Dominance% (USDT.D%) chart. 💡 USDT.D% after breaking the Support line and the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 caused the cryptocurrency market to increase significantly in these weeks. 💡Currently, USDT.D% is in 🟡 Potential Reversal Zone(PRZ) 🟡and near Support lines and has also touched the 🎯Symmetric Triangle Target🎯 . I expect USDT.D% to rise to at least one Fibonacci level .👇 🔔I expect Bitcoin to start going down again after possibly playing around $61,500 for a while and at least down to the Support line and 🟡 Potential Reversal Zone(PRZ) 🟡. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
22
Bitcoin- Traders, buckle up! Hodlers, close computer!Yesterday, BITSTAMP:BTCUSD briefly hit a new all-time high for about a second. Following this much-anticipated event, the price sharply declined to the 60K zone. From a technical standpoint, both the long-term and short-term bullish aggressive trends remain intact. However, we should anticipate extreme volatility and significant fluctuations. Buying opportunities are present during dips, with the 62-64 zone being ideal for such purchases in anticipation of a real ATH around 78k. For speculators, it's crucial to note that the 59-60k zone should remain intact. If the price falls below this level, there is a high likelihood of a further drop to the ETF announcement's high.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
3
Bitcoin- Will the "Black Swan" fly this time?As a seasoned trader, I often approach predictions with caution and realism, relying on technical analysis and common sense to guide my decisions. However, in the realm of cryptocurrency, particularly Bitcoin, recent price movements have sparked a sense of speculation and wonder. Could we be on the brink of a "black swan" event, characterized by an unprecedented rise without a significant correction? Reflecting on recent trends, in my analyses, you may have noticed my reserved demeanor and propensity for realistic predictions. Yet, the current trajectory of Bitcoin's price prompts me to entertain a notion previously dismissed – the possibility of a remarkable surge without the anticipated correction. Following the release of the ETF, I, like many others, anticipated a correction from 45 to 36, only to witness the market defy expectations. Since then, I've adopted a cautious approach, engaging in strategic buying with small targets(5-10%) and tight stops. Contemplating the unthinkable, returning to the heart of the matter, and setting aside technical analysis and conventional wisdom, one question looms large: Could Bitcoin soar directly to 100k without the anticipated correction, as projected by many technical analysts? I'll temporarily set aside the exuberant sentiments of the "Lambo gang"... Conclusion: As we navigate the dynamic landscape of cryptocurrency trading, it's essential to remain open to all possibilities, including those that defy conventional wisdom. While the prospect of a "black swan" event in Bitcoin's price surge may seem improbable, recent market dynamics compel me to entertain the notion with a cautious yet curious mind.
COINBASE:BTCUSDLong
by Mihai_Iacob
14
BITCOIN Why $81000 may be more realistic than you think!We've been talking about the possibility of Bitcoin (BTCUSD) seeing $81000 for a while now but this pattern on the 1W time-frame shows for the first time more clearly why this is a more realistic than ever! As you can see, by applying the Fibonacci Channel on the last 2 Cycles, we can see that Bitcoin just broke on the current 1W candle the 0.382 Fibonacci level (yellow line) for the first time since June 06 2022. In cyclical terms this is a very important development as during the previous Cycle, every time BTC broke above the 0.382 Fib (2 times), it always extended and hit the 0.5 Fib too (blue). In fact the time it took on those 2 cases to reach the 0.5 Fib after the price departed from the 0.236 Fib (green) was 7 weeks (49 days) and 8 weeks (56 days). As a result, we can estimate a max time (8 weeks) of hitting the 0.5 Fib on the week of April 01 2024. If done on exactly that week, then 81k will be delivered. If earlier obviously we are looking within the 78-81k range. The 1W CCI indicator (green circles) suggests that we might be closer to a November 2020 fractal than May - June 2019 (which was of course caused by the Libra euphoria). This indicates that currently we might be at the very start of this Cycle's most aggressive part, the Parabolic Rally. But what do you think? Is 81k as close as this chart suggests? 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
MY IDEA FOR BITCOIN(BTC) UP TO ....., READ THE CAPTIONBitcoin has surged to impressive heights, marking a remarkable 26-month high as it soared to $53,360, a gain of over 4.6% within just 24 hours. Analysts are buzzing with excitement, with some like Ali Martinez pointing out the significant activity among Bitcoin whales. 🐋 These major players in the crypto market seem to be going parabolic, indicating a bullish sentiment and fueling speculation about a potential rally towards $60,500. It's a testament to the growing interest and confidence in Bitcoin as it continues to make strides in the financial landscape. 📈🚀 What do you think about this please leave your comments, for more uptades and analysis like comments and follow thank you for your love and support.
BITSTAMP:BTCUSDLong
by Forex_Haleh_signals_professor
Bitcoin- One more top before big drop? After breaking above the 45k resistance, BITSTAMP:BTCUSD soared, reaching a high of 53k. If we calculate the recent leg up started after the ETF's release, the rise is around 30% in just a month or so, which is significant, even for BTC. Technically, the trend is still strongly upward, and as we can see from the chart, after reaching 50k for the first time in the last 2 years, dips are constantly being bought. Looking at the short-term picture, the price is contained in a rectangle, which is a continuation pattern. A break above 53k should lead to a new high around 54,500. However, with the price so stretched to the upside, a correction is imminent, and in my opinion, short-term speculators should use these new highs as an opportunity to open short trades. My target for this drop is 45k, with respect to the 48-49k zone.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
21
Bitcoin- Still has upside powerTwo days ago, I mentioned my expectation of a significant correction in BITSTAMP:BTCUSD , and I am considering selling in the 54,500-55,000 zone. While my view on a strong correction in the medium term remains unchanged, the short-term outlook remains strongly bullish. Upon examining the short-term chart, it's evident that Bitcoin is well supported by bulls above 50k, and both the weekend's drop and yesterday's decline were quickly bought. Furthermore, the recent consolidation forms a rectangle, which typically indicates a continuation pattern. In conclusion, in the short term, it's advisable to consider buying near the 51k zone. Additionally, considering a stop-loss order below recent lows, we could potentially achieve a risk-to-reward ratio of more than 1:2 or even 1:3 depending on the target.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
10