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Btctechnicalanalysis

Bitcoin history and future1W time frame - Every vertical dotted lines stand for halving timing, we call them "a cycle" between two lines. Every cycles have similar trend, we can mark them with three colors as below. (1) White range stand for Bull high to Bear second low (2) Red range stand for Bull high to Bear low (3) Green range stand for Bear low to Next halving According to halving in 2012 and 2016, we can expect Bitcoin make a second low (below 20000) in near future, the most possible time range is from August '23 to February '24. Before the second low coming, Bitcoin will likely reach price over 33000, therefore, be careful of being fomo and get ready with patience to buy spot.
BNC:BLX
by EthanTW
BTC Bollinger Bands Signal an Impending Big MoveThe BTC Bollinger Bands have tightened significantly, indicating an impending big move shortly. For those unfamiliar, Bollinger Bands are a technical analysis tool used to measure volatility and identify potential price breakouts or reversals. When the bands tighten, it typically suggests that a significant price movement is on the horizon. Given the current tightness of the Bollinger Bands, it is essential to exercise caution and carefully evaluate your investment strategy. This tightening often precedes a period of increased price volatility, which can lead to substantial gains or losses. Therefore, we should consider pausing any further BTC holdings until we have a clearer picture of the market direction. While I am not advocating for panic selling or making hasty decisions, it is crucial to be aware of the potential sell pressure that may be underway for BTC. By remaining vigilant and closely monitoring the market, we can position ourselves to make informed choices and capitalize on any favorable opportunities that arise. Please take some time to assess your current BTC holdings, review your risk tolerance, and consider the potential implications of the upcoming market movement. Additionally, it might be beneficial to consult with a financial advisor or engage in discussions with fellow investors who can provide valuable insights. Remember, the cryptocurrency market is highly volatile, and it is always wise to approach it cautiously. We can navigate the market's uncertainties and maximize our returns by staying informed and making well-informed decisions.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC Moving Average Remains Flatline with RSI Below 60Over the past few weeks, we have witnessed a rather unsettling trend in the BTC market. The moving average, a key indicator used to assess the overall direction of an asset's price, has been alarmingly flatlined. This lack of movement indicates a potential stagnation or absence of significant price momentum. Furthermore, the relative strength index (RSI), a widely used oscillator that measures the speed and change of price movements, has dropped below the critical level of 60. This drop below 60 suggests the market sentiment has weakened, and BTC may be losing its upward momentum. Given these indicators, we must cautiously approach the current BTC price action. While the cryptocurrency market is volatile, the prolonged flatline in the moving average and the declining RSI should not be taken lightly. This situation demands carefully evaluating our trading strategies and risk management techniques. Therefore, I urge you to reassess your positions, review your stop-loss orders, and consider implementing tighter risk management measures. As traders, we are responsible for adapting and responding to changing market conditions, and this moment calls for heightened vigilance. Please remember that no single indicator can predict the future with absolute certainty. However, considering the current BTC price action with the flatline moving average and the dropping RSI, we can make more informed decisions and navigate the market more cautiously. Stay informed, stay vigilant, and remain focused on protecting your capital. Together, we can weather these challenging times and emerge stronger. If you have any questions or need further guidance, please comment away.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Retracement Long Trade (1D TF) Based on the current trend, we are gradually approaching the midpoint, which seems to present a favorable opportunity for entering a long trade towards the resistance zone. It is worth noting that we haven't witnessed a retest of the midpoint as support yet, indicating potential buying interest in that area. By positioning our entry just below the midpoint, we can potentially avoid any false breakdowns and minimize the risk of stop hunting
Long
by UnknownUnicorn20377300
BTC FALLING TOWARD $26K ONCE AGAIN.BTC got rejected from the $28k resistance level as expected and this rejection has brought the price back to $26.8k. Now, the upcoming possible move could be BTC reaching down toward $26k and then bouncing back. Failing to hold the $26k support level could be disappointing. Key points: 1. Drop levels: $25.8k to $26.3k. 2. Invalidation level: A breakdown and close below $26k. 3. Positive move: A bounce back from the drop level. Trade safely.
KRAKEN:BTCUSDShort
by Dexter_The_Trader
16
BTC.D still building up and 40K target remains.Haven't shared this in a while. This is a 3D Wyckoff BTC.D Accumulation chart. And we have been in the final climax buildup zone for a while, and whenever we go to 3D Breakout resistance line at 49%, we dump and whenever we tap the Buildup Support line at 47%, we pump. So, nothing has changed from this perspective, and we can pump to 40K as per this. Just to be clear I am not saying we will rally to 40K, it's just I have been tracking this chart since BTC entered the 3D build up zone and 40K is a target I had based on this chart and so far, nothing has changed. Another interesting thing to note here is the volume divergence, In the chart to the bottom which shows btc price I have highlighted the Volume supported move in yellow lines and volume divergent moves in blue, the previous volume divergent move gave us a bottom at 15K, and we are again seeing the same volume divergence with this dump from 31K. Again, this does not mean we are about to pump; the volume divergence can continue for a while (Weeks and months) there is no technical limit to it, but we usually see a pump if we see a level hold for a long time with volume divergence. What is volume divergence? Volume divergence takes place when we see volume in a downtrend when an asset is trending. So whatever trend the asset is in, up or down we want to see either volume go sideways or up with it , but if we start to see volume go down with a trending move , that's divergent volume , it means less and less people are willing to participate in the current trend which ultimately lead to complete exhaustion of people from the trend and a reversal follows with volume convergence.
by zakoraio
BTC/USDT BinanceBTC/USDT Binance 4H hollow candlesticks Since mid-March, a sideways movement continues between $25860 and $31000 as an All-Time High (ATH). In the present phase, a symmetrical triangle has been formed, where a price breakout is expected soon. The Support area occurs from the extension of the golden ratio of the last Fibonacci retracement. The Resistance area occurs, if we reverse the golden ratio of extension of the Fibonacci retracement starting from 15/03/2023. Another conclusion, is that the price is expected to fluctuate within the Descending triangle that has been formed since 06/05/2023, until the price breakout occurs. Finally, a hypothetical scenario is that the price may follow the slightly resized footprint (Bar Pattern), of a previous price movement (fractal). Bitcoin (BTC) = $26,928.54 -0.54% (1d) Market Cap: $1,126,847,982,844 24h Vol: $30,866,809,616 Dominance: BTC: 46.3% ETH: 19.4% Good Luck #CryptoHellas Team
by CryptoHellas
BTC-24 MONTH PRICE EXPECTATIONSHalving History Performance A zoomed in view of yesterdays chart. The chart below illustrates the two prior halving cycles fractals 1 year pre & post the halving date. Whilst past performance is no guarantee of future returns, the chart can help us frame the 24 month period ahead of us and give an idea of reasonable price expectations. Reasonable Price Expectations May 2023 - April 2024: $19,150 to $44,284 (Average $31.7k) May 2024 - April 2025: $28,790 to $86,000 (Average $57.4k)
INDEX:BTCUSDLong
by PukaCharts
BTC/USDT Binance BINANCE:BTCUSDT Binance 4H hollow candlesticks After the price breakout, we saw an all-time high (ATH) at $31000. The beginning of the Support area, results from the extension of the upper point of the first Fibonacci retracement, combined with the extension of the golden ratio of the second Fibonacci retracement. It seems that an uptrend parallel channel has been formed. Conclusion: The price is expected to fluctuate, within the uptrend parallel channel and the Support & Resistance areas. Bitcoin Price (BTC) = $30.460,23 -0.84% = 14.47 ETH -0.67% Market Cap: 278.166.387.330 24h Vol: $47.878.436.872 Dominance: BTC: 46.1% ETH: 19.8% Good Luck #CryptoHellas Team
by CryptoHellas