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BTC Bitcoin Technical Analysis and Trade Idea👉🔍 In this analysis of BTC Bitcoin, we examine higher time frame charts that show a bearish trend with a retracement into resistance. I anticipate a possible sell opportunity given that the market is overextended and trading into resistance. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only, and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
Short
by tradingwithanthony
Chart Idea - BTC Swing Long for 6-8 weeksBTC looking bullish for next few weeks. It can certainly go and test $62k to $60k region. However, as per my TA, it's already hit the local bottom and need good bounce from here. Taking a swing long for next few weeks from FWB:65K on the basis of following confirmations. Confirmations on Daily TF: - Bull Flag Breakout and Retest - 0.5 Fib Level Retracement at $64200 region - Stoch RSI oversold at around 1 region Trade Setup: Entry: $65000 TP: $81500 SL: $59999
Long
by smwajeeh
2
$BTC symmetrical tringle bullish pattern?CRYPTOCAP:BTC is in a rising symmetrical triangle pattern. This is a bullish pattern that usually breaks in an uptrend. We might touch the resistance at the EMA 100 before reversing to the upside, so be patient. The MACD is not reset yet, and the RSI is showing many divergences created by the unexpected selling pressure that could not be forecasted by the chart. However, the signs of a reversal are present, assuming that the selling pressure will stop. The CMF is at the bottom, showing fear, and since it cannot go lower, it should recover. The RSI on the daily is close to the bottom, indicating a soon reversal to the upside. In case of continued selling pressure, an invalidation of the chart would bring the support to the EMA 200 at 58k. Let's hope that does not happen.
Long
by CryptoNikkoid
3
BTC Bitcoin Technical Analysis and Trade Idea🔍 In this BTC Bitcoin analysis, we explore the higher time frame charts which currently indicate a bearish trend for Bitcoin. However, the price action on a 15m timeframe suggests a possible short term reversal. It's important to note that this is speculative and not a guaranteed forecast. It's prudent to watch for certain price movements to verify a genuine reversal. This video provides a close look at the trend, market structure, and price action. Remember, this content is for educational purposes only and trading carries significant risk. Always ensure you implement strong risk management strategies in your trading practices. 📈🔔
by tradingwithanthony
BTC 2week trading strategy May 27- June 10No-need to hurry to enter the market until current futures contract expiration date on the 30th of May (vertical orange line). Also summer is usually not the best period for breakouts due to holiday season. Best-case: BTC price breaks through 69650 intraday resistance level confirming continuation of a short-term trend which started on the 1st of may (short violet dotted line). This trend will continue going upwards to break ATH or at least it will be transformed into a range between 66450 and 70500 before breaking ATH. Base-case: There will be a deeper pull-back to 64500, as a consolidation before ATH break. Overall the decline will be temporary and not too deep to break the medium-term trend which started on the 11th of Sep 2023 (long violet dotted line). Worst-case: Deeper pull-back to the current key supoprt zone (green rectangle) which will confirm that short-term and medium-term trends are over and the longer consolidation will be needed to break ATH (similiar to summer 2023). Trading strategy: Stop-limit at 69650 for the best-case scenario. however entering the market with 1/3 of max risk per trade limiting exposure to the worst-case of price locking in medium-term range (56500-72500) preserving flexibility to make another entry for base-case in case of a deeper pull-back to 64800, or after ATH break-out at a higher price. in case of the worst-case confirmed, reconsider whether it's still reasonable to hold the trade stop-loss below 50000 for a black-swan event to protect deposit from margin call. It is highly unlikely that this stop-loss will be trigerred accidently for the coming two weeks.
INDEX:BTCUSDLong
by Cassandra299
2
BTC Bitcoin Technical Analysis and Trade Idea📊 When we examine the daily and 4-hour charts for BTC Bitcoin, it’s evident that BTC is currently in a strong bearish trend. The price has been consistently moving downward. I’m keeping an eye out for potential trade opportunities that align with a trend continuation strategy. In our video, we delve into essential aspects such as market structure, price action, and a specific strategy based on Fibonacci retracement levels. Here’s a brief overview of what we cover: 📈 1: Market Structure: We analyze how Bitcoin’s price is behaving within the broader market context. Understanding market structure helps us identify key levels and potential turning points. 📈 2: Trend Analysis: By examining price movements, we determine whether the prevailing trend is likely to continue or reverse. In this case, we’re focusing on continuation. 📈 3:Fibonacci Retracement: Fibonacci levels provide valuable support and resistance zones. We look for potential entry points based on these levels. Remember that the content in our video is purely educational. It’s essential to approach trading with caution and not consider it as financial advice. Always conduct your research and make informed decisions.
Short
by tradingwithanthony
7
Whale Moves and Market Optimism: Potential Surge to $100,000Bitcoin continues to capture investors' attention with its price changes and large movements. Every rise and fall sparks more questions about its future and how it might affect the global economy. Recently, Bitcoin was traded at a price of $65,715, experiencing a small increase of about 1% in the last 24 hours, which sparked some cautious optimism among cryptocurrency enthusiasts around the world. This new confidence has been bolstered by the activity of major whales and long-term positive predictions. Some see this as an irreplaceable opportunity, while others warn against the danger of drifting behind illusions. Bitcoin seems to be at a key point that could be a good chance to buy, based on current conditions and optimistic market predictions. The rise in activity from big investors and their large purchases of Bitcoin show they believe in the currency's future, which could signal positive market trends. Also, over 70% of all open Bitcoin positions on Binance are bullish. A well-known crypto whale recently made headlines by buying 6,070 Bitcoin, worth about $395 million. This marks the whale's first major purchase in over 18 months. Renowned for strategic trading, this investor had previously acquired 41,000 Bitcoin during the 2022 market dip at an average price of $19,000 each. In a smart move, the whale sold 37,000 Bitcoin during the market upturn in 2023 and 2024 for an average price of $46,800 each, earning a total of $1.74 billion and over $1 billion in profit. This recent purchase reflects the whale's renewed optimism in Bitcoin’s future, suggesting potential significant price increases ahead. Due to recent activity and positive market predictions, Bitcoin seems to stand at an attractive buying point. The current support at the 100-day Exponential Moving Average and the lower edge of an ascending triangle pattern signals potential rises. It is expected that a bounce from these levels could soon push the Bitcoin price to $72,000, paving the way for a potential rise to $100,000 in the long term. I expect the Bitcoin price to rise by 30% in July, potentially exceeding $85,000, although current technical indicators lean towards a bearish trend. Therefore, if you are considering investing in Bitcoin, now might be a good time to consider buying, especially if you can handle volatility and have a long-term perspective. It is advisable to regularly reevaluate positions and take advantage of any significant price movements to reap profits or adjust strategies.
COINBASE:BTCUSD
by bbitar
BITCOIN is on the verge of a deep fall. What can save the growthBitcoin was unable to continue its growth trend, which began in May through the range of $72000-74000. Buyers were not even able to update the previous local high and were immediately hit back: Buyers were unable to hold the local range of $68000 to continue the upward wave from May. And the worst part is that bitcoin's decline is happening on small volumes: The last chance to save the growth trend is the range of 64500-65500 . Right now, the BTC price is approaching a large number of buyer stop orders. If the BTC price aggressively rebounds from this range and the daily candle closes above $68100, we expect BTC to continue to grow to $72000 and update local highs. For now, we don't believe in this scenario, as the USDT dominance chart indicates that things may be just beginning: The chart shows that a market drop of another 20-30% is highly likely. Therefore, in this case, we will consider short positions on bitcoin from the 68100 range. Why there? Here is an hourly timeframe that shows that from this range, buyers began to slow down the price drop with limit orders: If we assume that small traders opened short positions in this range, it is quite easy to pick them out. The target for such a trade is $60,000. This target stems from our previous forecast and will be confirmed when the 64500-65500 range is broken down: But what about other cryptocurrencies? Write your thoughts in the comments!
Long
by P_S_trade
17
BTC Could take a pullback (5000 pts downside)BTC level of 69000 round level could be crucial there we have two condition on both sides but the down the side has more space to move and get more liquidity (4000-5000) whereas the upside has only 2000 pts space the favourable sides happens to be pullback and trade on reversal because once the price crossed above 69000 then soon after there will be resistance of trend line 64,600 and 64,120 is a fvg from daily chart incase we see higher high, higher low on this area will be look for longs
by Jimmy_Rebello
2
BTC Bitcoin Technical Analysis and Trade Idea👉 In this technical analysis and trade idea for BTC Bitcoin, we delve into the higher time frame charts which currently suggest a bearish outlook for BTC. Despite this, the price action hints at a potential reversal. It is crucial to understand that this is speculative and not a definitive prediction. We need to observe specific price movements to confirm a true reversal. The video covers an in-depth analysis of the trend, market structure, and price action. Please remember, this content is intended for educational purposes and trading involves substantial risk. Always prioritize robust risk management strategies in your trading decisions.
by tradingwithanthony
Crucial Week for BTC: Economic Data and Rate ImpactsAs Bitcoin enters a crucial week, macroeconomic events and Federal Reserve interest rate decisions play a significant role in determining Bitcoin's price trajectory. With a strong support level maintained at $66,000, there is an opportunity to buy if prices continue above this level. The Federal Reserve's conservative forecasts reduce the likelihood of a rapid interest rate cut, necessitating caution but providing a buying opportunity at strong support. Bitcoin's behavior in the near term is likely to be influenced by its ability to maintain the $66,000 level. A continuous break below this level could lead to further sell-offs, while maintaining it could attract buying interest, especially if macroeconomic factors remain favorable. Given the current levels and potential volatility, it is best to closely monitor price movements, especially how they behave around the $66,000 support and the $72,548 resistance. If you are looking for entry points, consider buying near the $66,000 support level if other signals align (such as a bullish RSI divergence or increased buying volume). The RSI is around 42, which is below the neutral 50 but above the oversold threshold of 30. This indicates that the market is not in a significantly oversold state, and there is potential for an upward move if investor sentiment improves. Setting a stop loss slightly below $66,000 could help minimize risks in case of a breakdown. Profit-taking near the resistance levels ($69,446 and $72,548) can be considered, or holding part of the position if the price breaks above these levels with strong trading volume. Recent Consumer Price Index (CPI) and Producer Price Index (PPI) data support high-risk assets like Bitcoin, showing a continued inflationary trend which may delay the Federal Reserve from making drastic interest rate decisions. Given the volatility of digital currencies, make sure to hedge your portfolio and diversify your investments to reduce risks. This week could be crucial for the future of Bitcoin's price and the digital markets in general.
COINBASE:BTCUSD
by bbitar