Btcusdbuy
BTCUSD: Go long at support
Judging from the graph, there will be another decline, and there is a high probability that a strong support will be formed near 59500. I have marked the approximate position on the graph.
After the price reaches this point, start going long, rebound to near the upper resistance, and take profits in batches. Pay attention to risk control during the transaction, and leave me a message if you have any questions.
If we skip the summer then 135k soonI am tentatively looking at this summer that we will probably skip it and we will have the peak in place at the end of 2024 already at the beginning of 2024, so if I am 99% wrong again, we will soon be testing 44k and then 69k.
Fasten your seat belts, find the puke bags and enjoy trading safely =D
vVv
BTC looks ready to send higher Bitcoin entered the bounce zone I drawed yesterday and gave us a good reversal pattern. It doesn't dropped till the low of the buy zone like I was expecting, but doesn't matter. Zone are good to DCA, and it's better to have a small position in profit than a loss. On smaller timeframe, price break above resistance trendline and looks ready to send higher. First target for a scalp Monday's high
BTC Entering possible reversal pointBitcoin just entered a possible reversal point where we could see a fast pullback. This is a strong support zone, and on H4 you can clearly see an unbalanced zone, a classic FVG. Usually I like to see the fair value gap to get closed before entering a trade, so the best entry point for a long in my opinion is the low of the black box I drawed. I'll keep you updated, in any case I think this is not a good moment to short
BTC Entering possible reversal pointBitcoin just entered a possible reversal point where we could see a fast pullback. This is a strong support zone, and on H4 you can clearly see an unbalanced zone, a classic FVG. Usually I like to see the fair value gap to get closed before entering a trade, so the best entry point for a long in my opinion is the low of the black box I drawed. I'll keep you updated, in any case I think this is not a good moment to short
Btcusd Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.
BTC (Bitcoin vs US Dollar) :: Super Bullish Trend Soon !!!On the monthly time frame, the RSI pattern of 2017 is repeating, which led to a great bull run.
I think it needs a monthly confirmation candle to close above the $75,000 price, in such a situation, a huge bull run in crypto could start.
At that time, the peak of 2013, i.e. $1,200, was a monthly major pivot, which in 2017 needed to form a monthly bullish candle to confirm the upward passage.
Currently, the 2021 peak of $69,000 is a major monthly pivot and a monthly bullish candlestick above $75,000 must be closed to confirm the breakout of the 2021 peak.
#BTC/USDT#BTC
Bitcoin price is moving in an upward trend over a 2-day frame
The highest price of Bitcoin reached $72,000 and the lowest price could reach $58,000.
The price moves between them, corresponding to the halving date set for 3 weeks from
It is expected that all models will be broken upward after the halving to see new levels of highs. Until that time,
you must maintain your stability in the market and look at the big picture with a modest initial target of $88,000.
#BTC/USDT#BTC
The price is moving in a cross channel on the 12-hour frame and sticking to it well
The price rebounded well from the lower channel limit at the green support level 60,000 to 62,000 $ .
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
The recovery is expected to begin gradually on the first of May, especially after the halving event
Entry price is 62,000
The first target is 67,800
Second target 73760
The third goal is 80,000
Fourth goal 85112
BITCOIN: Target 100k+, IF this happensBitcoin just broke under an important support area of 60k and hit 56k.
However, if you look at the chart you can see that we went straight back up to 64k, making a FULL retracement.
If you look closer you can notice the exact same pattern happened 25'th of January, followed by a week of sideways movement and then the breakout that sent price all the way to 72k.
Last move happened in two big moves: From the first breakout: 42k to 52k, followed by another week of sideways movement. Then the last push from 52k to 72k.
Respectively, this represented a 23% move from 42k to 52k. Then 10 days of consolidation in a flag pattern. Followed by a 38% move from 52k up to 72k.
If this repeats:
First target would be around 78k.
Second target around 108k.
However we could reach much higher than 108k since Bitcoin moves exponentially during bull runs.
My plan to know when to exit, is simply to look out for 3+ days of sideways movement and if price makes new flag patterns (tight ranges), then simply re-enter the position again.
For this idea to be valid, look out for:
1. Price to stay within this range of 62k - 66k in the coming 3 - 5 days, before entering *Better entry, but a slightly lower probability.
2. And/Or wait for price to break out from 66k after 3 - 5 days, before entering *Worse entry, but higher probability.
Good luck everyone!
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BTCUSD: sell
After a sharp rebound, the rise has slowed down near the resistance level. The indicators need to be repaired. Pay attention to the support between 62000 and 61300. If the support is effective, go long. For the current transaction, shorting is safer and the probability of making money is higher.
#BTC/USDT Urgent Update!#BTC closed around $62,800, defying CT's expectations for a drop to $52,000.
Now, we'll see if it can close above the blue moving average and confirm this whole move as a deviation, a pattern Bitcoin often follows.
Otherwise, the doors to GETTEX:52K remain open, with this current move possibly being just a retest.
So we wait, patience is key!
Keep an eye on the weekly close!
Have a wonderful weekend!
#Crypto #Bitcoin
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It keeps us motivated!
Thank you
#PEACE
Bitcoin BTC price global view for next few monthsOn the #Bitcoin chart, you can see a combination of horizontal and dynamic fibo levels.
It took us a long time to see something new....
But here's our summary:
️ ↪️ right now, the #BTCUSDT price is at a critical point. If buyers manage to keep the price above $57000-57300 until Monday, there will be a chance for a good price increase via the blue route 🟦
↩️ fixing the CRYPTOCAP:BTC price below $57000 is the way for a sharp drop in the price to the $49-50k range. There are still many longers whose positions can be liquidated, and their assets can be taken into "stronger hands"
Which scenario do you prefer: ❤️red or 💙blue?
Because in our opinion, the #BTCUSD price should go into a protracted sideways consolidation for the summer of 2024.
In this consolidation, the large capital that entered the cryptocurrency market through BTC ETFs may start flowing into less liquid altcoins, which could lead to local and selective bull runs.
So, in our opinion, the most important task for the coming months is to track which altcoins or sectors of the crypto market capital is flowing into and buy on corrections.
_____________________
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Caution: Bear trap on Bitcoin! ⚠️ Bitcoin's potential bear trap above $60,000 amid uncertainty over FED actions.
Bitcoin's price bouncing back above $60,000 raises concerns of a bear trap.
Market fundamentals, specifically FED actions, adding to the uncertainty in the crypto market.
Speculating on FED decisions is risky, but their transparency can impact market sentiment.
⚠️ Implications of recent financial easing and potential bear trap for Bitcoin investors.
Quantitative easing signals potential turnaround in financial conditions.
Coinbase closure above 233 HPDR bands may confirm bear trap for Bitcoin.
Massive Wick to the downside suggests damage from past week may be mitigated.
📉 Bitcoin may experience a significant correction in mid-May, potentially setting a bear trap.
Bitcoin has been in a cycle for 49 days, nearing the longest correction period of 63 days.
The timing for a potential low or bear trap for Bitcoin could be in mid-May, around day 63 of the cycle.
A tweet was mentioned regarding this analysis, providing additional information on the topic.
🕰️ Cryptocurrency signals showing high probability targets, despite challenges and personal struggles.
High probability targets for Bitcoin signals
Struggling with personal challenges and sickness
Finding solace in playing Dark Souls 3
⚠️ Bitcoin's potential trap for investors in May highlighted by technical analysis indicators.
Key technical indicators like RSI and moving averages are currently indicating a downside trend in Bitcoin's price.
Bitcoin's price movement sideways could lead to a reset of technical indicators, potentially signaling a bullish reversal.
If Bitcoin avoids breaking below current lows, a bullish scenario could unfold in the later half of May and June.
Bullish only above $60k BTCBTC i stuck in the resistance zone at $59.000/$60.000. In my previous idea, i marked this area as a key resistance zone and in fact, BTC is having some difficulties to break this level. If Bitcoin will fail to go over there, we can expect a drop in the coming days, as i was previously thinking. Otherwise, if Bitcoin will break above $60.000 we can expect a rapid pump that could lead the price at $62.000/64.000
BTC future? Store of value? Read and think about itMichael Saylor often says, " CRYPTOCAP:BTC is a store of value that you will pass to your kids."
I will demystify CRYPTOCAP:BTC and share my long-term vision of what Bitcoin will become in the future. This is a philosophical perspective, so take it as such.
Bitcoin is a digital asset, which means there is no cost to duplicating it. Like all digital assets, they eventually get cracked and revert to their real value, which is zero. Any physical object, on the other hand, has value derived from the cost of its production, including the labor involved. It is tangible and cannot be magically duplicated, making any physical object more valuable over time as most get lost, destroyed, or become rarer and more valuable. This is common to any item like books, music keyboards, game consoles, etc.
Bitcoin compensates by having an encryption algorithm stronger than any music DRM protection, and its production cost is tied to the difficulty of mining. However, there are several problems with this concept:
1) All DRM and encryption get cracked eventually because technology evolves, and what seems impossible today may become feasible and straightforward tomorrow.
2) The cost of mining Bitcoin increases as its value does. But if the value does not increase sufficiently, it can become unprofitable to mine, and in that case, the entire network could disappear, become unsafe, or lose value.
3) Since it is a digital product, like MP3s, Bitcoin can be duplicated at no cost and has been many times. $ZCASH, NASDAQ:DASH , CRYPTOCAP:LTC , etc., are just copies of the Bitcoin source code with another name and a few modifications.
Considering all this, the future of Bitcoin seems limited. Technology will eventually enable hacking of its blockchain, miners will one day become unprofitable and switch to another blockchain, etc.
Is Bitcoin a store of value? Yes, it is now, but no, it will not be in the long term. The day Bitcoin is cracked, or when miners stop mining it en masse, that will be the end. All the value of Bitcoin will disappear.
Bitcoin is the experimental first version of a cryptocurrency that works, but only that.
Does this mean all crypto has no value? Of course not.
A lot of innovation has been discovered; take ZK Layer technology, for instance. It manages the blockchain in a better way—cheaper, faster, and more anonymously than Bitcoin.
The rise of Bitcoin will show what crypto is capable of, but something else will replace it and become the crypto used by people to buy things.
Bitcoin will not replace gold; it is not digital gold. That is a marketing trap. Bitcoin is an experimental tool, the first fully working crypto payment system, but its future is to become obsolete and be replaced by more efficient solutions.
#BTC/USDT Next support $52k!#Bitcoin is trading at a decisive point.
If this support level breaks, we could drop all the way down to $52k.
The trend has shifted bearish, but don't forget that Bitcoin is known for making deviations.
Historically, May tends to be a negative month for BTC in terms of returns, and we're already seeing the effects within the first two days. Let's see how this week unfolds.
Keep a close watch on the trendline support.
DYOR, NFA
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Thank you
#PEACE