Btctrading
Bitcoin Cycle Top & Bottom PredictionThis is my first idea and I have no idea how to write these, so all commentary and other ideas are welcome :)
I used Fibonacci Levels from a 1 month timeframe to plot out the long term pricing of this bull market cycle following the halving of 2024.
I suspect the top of this cycle being around the $120K mark.
If we base this on previous cycles we can expect this top to happen 450-500 days after the Halving on the 19th of April, 2024. Roughly next July / August.
For the bottom of the next bear market I expect a new bottom of around 48K.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Nicely gained $64,344 support, currently testing $66,323 support - time to see if it can hold it, seems unlikely judging by current RSI on 4h, but last 1D close looks great and RSI on 1D also good. $64,344 next support from here. $68,546 next key resistance from here. Watch given S/R
BTC !! Adjust before HAVING zone 60,000⭐️ Smart investment, Strong finance
⭐️ CRYPTO INFORMATION:
Bitcoin's price has experienced a significant decline since April 9. However, the downward trend has become more pronounced in recent days due to three primary factors.
Firstly, the escalating confrontation between Iran and Israel has contributed to the market's unease. The former Mossad intelligence chief's statement suggesting a potential strike on Iran's nuclear facilities has heightened tensions and caused panic among investors. As a result, many are seeking refuge in traditional assets like gold and silver, further impacting Bitcoin's price.
Secondly, Federal Reserve Chair Jerome Powell's recent hawkish stance has added to the market uncertainty. In a Tuesday announcement, Powell expressed the Fed's continued lack of confidence in inflation levels. He indicated that interest rates may remain higher for an extended period. This unexpected reversal caught the market off guard, as it had been anticipating a rate cut in June. Now, there is doubt regarding the possibility of any rate cuts in the near future.
Lastly, the ongoing COVID-19 pandemic and its impact on global economies have also played a role in Bitcoin's price crash. As countries struggle to contain the virus and deal with its economic repercussions, investors are becoming increasingly cautious and seeking safer investment options.
These catalysts, combined with other market factors, have contributed to the current decline in Bitcoin's price.
⭐️ Personal comments NOVA:
BTC corrects around $60,000 before HAVING. Price range $50,000 - $52,000 is a good price range for the uptrend period to begin
⭐️ SET UP BTC PRICE:
🔥SELL BTC zone: $64.200 - $63.900 SL $64.700
TP1: $63.000
TP2: $61.500
TP3: $60.000
🔥 BUY BTC zone: $60.000 - $60.200 SL $59.400
TP1: $61.500
TP2: $62.200
TP3: $63.000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Cup and Handle Pattern FOR $BTCWhat Is a Cup and Handle Pattern?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
KEY TAKEAWAYS
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, How to Make Money in Stocks.
BTC (Bitcoin) Technical Analysis and Trade Idea Upon analyzing Bitcoin (BTC), we observe a persistent downtrend. Notably, the price has recently entered a crucial support zone and experienced a retracement, potentially presenting a sell opportunity.
In our video, we delve into various aspects of technical analysis, including trends, price action, and market structure. It is essential to emphasize that the content provided is solely my opinion for educational purposes. It should not be interpreted as financial advice. Trading inherently carries risks, and prudent risk management practices are paramount.
BTC Short to 59600Hey guys, we have tested 64200 and turned back with sell power and small buy volume.
I think it was fake out and bull trap, i expected to see hard move down first to 61500, than one more leg down to 59600.
Its not financial recommendation, just my personal opinion , whats yours ideas guys?
Bitcoin Price UpdateLook at the chart BTC is at the crucial support zone marked as green zone at $62.4k, if it breaks this zone you see 1 more leg down to $59,005, and if this level does not hold we can see 1 more leg down to the green zone marked at $52,923. There is much liquidity resting in between 52k and 59k. More chances are we can pull back from $59,005 or between.
On the chart we marked liquidity in yellow after a pullback it will take that liquidity and we see BTC testing highs again. According to the Bitcoin Exchange Liquidation Map approximately $8.76B liquidity is resting upside
Previously we told you liquidity lying above at $72,353 in our post and in our last video and after grabbing that liquidity BTC came down and it followed the plan as we predicted.
#Bitcoin needs to reclaim the 70K!#Bitcoin update
BTC is forming this bullish parent/symmetrical triangle pattern in the four-hour time frame; here, 200MA is working as good support.
currently tapped into the support deeper till the bottom area and reacted a bit. Price Seems to be hodling the support and might gonna reverse from here.
we need to reclaim the 70K resistance for bullish momentum.
But for now, the
Dusk is still in the air; it is better to wait for the market to stabilize.
Stay tuned for more updates.
Deciphering Bitcoin Trends: Insights and AnalysisA large supercycle wave is composed of smaller supercycle waves. Each supercycle wave consists of multiple cycle waves. A cycle wave is made up of primary waves. Primary waves are formed by intermediate waves. Intermediate waves are composed of minor waves. Minor waves are made up of minute waves. Minute waves are composed of minuette waves. Minuette waves are formed by subminuette waves. I believe the current price movement is indicative of the first wave of a downward trend.
BTC Price Surge: What's Driving the Increase and What Lies AheadThe Bullish Pennant Signals Continuation of Uptrend - indicating that the upward trend may resume. This means that the upward momentum will soon return after a consolidation phase, where the buyers have accumulated enough energy to push prices higher. I believe the price will continue to rise.
BTC Bitcoin Technical Analysis and Trade IdeaExamining Bitcoin (BTC), this analysis identifies a potential short-term long trade. We'll be deconstructing the current price trend, meticulously evaluating recent price action, gauging market forces, and targeting a potential entry point aligned with favorable technical indicators (further details provided in the video). However, I cannot emphasize enough the importance of robust risk management practices. By its very nature, this video is for educational purposes only and should not be interpreted as financial advice.
The Art of FibonacciBitcoin has been on the rise, and I would like to share my Master Fib.
This angled fibonacci structure encompasses the entirety of Bitcoin's history
and can be used to help discover price action patterns,
facilitating future trade decisions.
The chart can be useful on both logarithmic and linear price scales.
This idea highlights the fib structure on the log scale.
This particular fibonacci-based structure utilizes the following levels :
0, 0.214, 0.236, 0.35, 0.382, 0.5, 0.618, 0.65, 0.764, 0.786, and 1,
and extends 20 levels above and below 0.
The core channel from which the structure is built is established using the following 3 points:
These 3 points create the core channel of the master structure:
The final version of this chart has been optimized for, and makes use of, the 10 day timeframe.
While I personally prefer using this chart on a smaller timeframe for everyday use,
the 10 day timeframe was chosen as a suitable balance of factors, including the following:
maximizing the amount of bitcoin historical data and fib data displayed
maximizing chart clarity at all zoom levels
maximizing visibility of price action reactions
maximizing published idea usefulness lifespan
When viewing the fib structure on alternate timeframes,
reactions in price can be seen as high as the monthly timeframe,
all the way down to the 1 minute timeframe.
Utilizing various timeframes can help display more pronounced, obvious, or acute reactions to fib levels.
1day price action fib reaction (April 2018 - July 2019)
1hour price action fib reaction (April 3/4 2022)
1min price action fib reaction (March 5 2024 - 5 days ago)
Even on the 10 day timeframe, reactions can be seen as far back as December 2009... bouncing off the 6.214!
There are many such reactions to this fib structure throughout the entire history of bitcoin.
What's amazing is that the 3 points used to create the structure are from December 2017 to November 2021!
So, let's take a quick look at some of the reactions in price to some of the various fib levels.
Doing this will add validity to the effectiveness and usefulness of the fibs.
And finally, here's a look at where we are today, on the linear scale, just before the 10day candle close:
Now that we have established some validity of the fib structure, we can use it to help us make future trading decisions, particularly when the price of bitcoin approaches, rejects, breaks through, or retests the various levels.
Does, and will, bitcoin always react to every level? No.
But I think this is one of the best bitcoin fib structures I've seen that encompasses every single displayed candle while maintaining such accuracy and effectiveness.
Its influence on the bodies and wicks of past and present candles can be seen.
I think it is likely to guide and influence future candles.
I estimate that the further above or below that price is from the core channel,
the less accurate and influential the levels and angles will be.
I also estimate that the further away we are, in time,
from the 3 points that build the core channel,
the less accurate and influential the levels and angles will be.
That being said, we, being humans, only have so many 10 day candles left, so... yeah.
*Bonus*
Keep zooming into the light
(on the chart)
Thank you for checking out my idea!
I hope that you like it and find it useful.
If you do, please give it a boost.
And feel free to comment.
//Durbtrade
BTC VERY LONG.... We needed that quick and steady HODL64k to 67k range held. WE will see the 80k area likely by end of next week.
Without that retest we wouldn't have the security of being able to bounce at a 58k low to continue a trade season in case of a dump.
Smooth riding this April. Please your bet on your fave forgotten alt. Eyes on GRT, ANKR, and REN.
Follow, Boost, and Comment for more Signals.
Best buy levels 69k to 71k range. Swing Trade so careful.
Ask questions, I respond.
-Jasdabunny91