Buying Bitcoin at previous support.Bitcoin - 24h expiry - We look to Buy at 28812 (stop at 28312)
Prices have reacted from 28600.
Previous support located at 28800.
Daily signals are mildly bullish.
We look to buy dips.
The rally was sold and the dip bought resulting in mild net gains yesterday.
Our profit targets will be 30012 and 30262
Resistance: 29200 / 29500 / 29800
Support: 29000 / 28800 / 28600
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Btcusdbuy
BTC/USD: Bullish trend may continue till year end. Since the low of $15500 in November 2022, the BTC/USD uptrend has maintained a series of higher highs and higher lows. It is currently on Wave 1-2, Wave - , and Wave (i)-(ii). This series may continue until it breaks below $24825. Immediate support is expected to be found near $28335 and $27506, which correspond to the 50% and 61.8% Fib. retracement levels of Wave (i). The ultimate target is to reach $51000 by the end of 2023 and $62000 by the first quarter of 2024.
A war for cows is comingFirst, Bitcoin has reached an important support range in the daily time and we can hope for the growth of this currency, and on the other hand, considering that it maintained itself at the support floor of the daily ascending channel, and this caused the possibility that the growth will continue. Dropping is preferred.
Of course, we did not ignore the possibility of this market and we also identified support points
#BTC: Next Possible move!
#BTC Shorter timeframe update
In this 6h time frame BTC is making this bullish expanding triangle pattern
but to confirm this pattern we need a breakout and currently, it is holding above at the lower support of this pattern, we also have 200ma as a support.
IMO We can some bounce in the BTC because usdt dominance is at the resistance
To invalided this pattern BTC need to breakdown the lower support of this pattern.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
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MACD Divergence: Enhancing BTCUSDT's Breakout PotentialBitcoin's (BTC) recent movement against USDT has captured attention as it breaks free from a falling wedge pattern. Despite modest volume, the breakout holds promise. Notably, a divergence in the MACD indicator on the 8-hour chart adds further intrigue, suggesting a potential bullish momentum shift. While these signs are positive, cautious analysis and market awareness remain crucial in navigating the dynamic cryptocurrency landscape.
Exciting Development in BTCUSDT! 🚀Breaking free from a falling wedge pattern, BTCUSDT is showing strong potential. Despite moderate volume, the recent close above the falling wedge is a promising sign. Keep a close watch as this breakout could mark the start of a bullish trend. Stay informed and trade wisely! 📈💹
BTCUSDT Analysis. plan for next week.Hello everyone. I want share my idea about Bitcoin.
All see Bitcoin Strong bullish price movement from weekly Fibonacci which i shared in my ideas but it touched to this year high made some liquidity swings, and continue consolidating, in this range what was between 31500-29500. It had lot of liquidity swings but most of them was long side, for that i think big money going to long bitcoin but they filtering people. price broke 29500 lvl and made triangle but we have some strong support here at 28300.
we have strong bullish trend, for that my price prediction is long, but until i will open my long position, i need to see some strong revers movement which will be liquidity swing until they start moving up.
Here is my 2 possible scene of price action.
1 Bullish - Price braking triangle touching to resistance coming strong down which actually will give me signal for new low, touch support zone and starting new strong bullish movement.
2 Bearish - price brake triangle downside, it has weak movement at support zone then seller braking support LVL and coming down side.
I would like to share also USDT DOMINANCE which will give us better image what price going to do.
BE PATIENT!!!
Breaking News: BTC Less Volatile Than S&P 500 and GoldBrace yourselves, my friends, because Bitcoin (BTC) has done the unthinkable – it's now less volatile than the mighty S&P 500 and the shiny gold!
Yes, you read that right. The once-infamous wild child of the financial world has tamed its rebellious nature and emerged as a stable force to be reckoned with. It's time to challenge your preconceived notions about BTC and consider it a viable asset for those who value stability.
You might be wondering, "How on earth did this happen?" Well, let me enlighten you. Recent market data has revealed that BTC's volatility has dropped significantly, outshining the traditional stalwarts like the S&P 500 and gold. It's like witnessing a cosmic shift in the trading universe!
I know what you're thinking: "Why should I care about this? How does it affect me?" Well, my dear traders, this revelation opens up a new world of possibilities for your investment strategies. If volatility is a concern that keeps you up at night, BTC has just become your knight in shining armor.
So, here's my call to action for you: Take a moment to reconsider your portfolio and give BTC a well-deserved spot. By diversifying with Bitcoin, you not only embrace the future of finance but also gain exposure to an asset that has proven its resilience and maturity.
Think about it. In a world where the markets can be as unpredictable as a rollercoaster ride, having an asset shed its notorious volatility is like discovering a hidden oasis in the desert. It's a chance to navigate the tumultuous waves of the financial world with newfound confidence.
Don't let your fear of volatility hold you back from exploring the potential of BTC. Embrace the unexpected, challenge the status quo, and join the ranks of visionary traders setting sail toward a more stable and prosperous future.
Remember, the winds of change are blowing, and BTC is leading the charge. Seize the opportunity, my friends, and let Bitcoin be your guiding star in this ever-evolving trading universe.
BTC Update ✔Hello dear Traders. Hope you are having a great weekend. This is my thoughts on how BTC is
going to move. I think market makers are going to hit the stops of people who have longed in this range ( around 29K ) and then recovering fast into the range and going to break the range to
the upside.
What are your thoughts?
Comment down below. ❤
Prepare the bags, we are standing at the borderBitcoin is still in an upward trend and if it wants to act according to the daily trend, there is a possibility of an increase from this range, considering that Bitcoin is in a suffering trend in the 4-hour period, the possibility of this trend breaking from above is far from expected. It won't be, but any early entry may lead to losses.
Support ranges are presented in this analysis, which can prevent Bitcoin from falling from these ranges
Bitcoin (BTC) formed bullish Gartley for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC)
Previously the priceline moved slightly down than buying zone, however, recovered soon and pumped almost 25%.
Now on 4-hr frame, BTC has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
bitcoin long setuphello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
The price of Bitcoin is currently forming a bullish falling wedge pattern, and we are very close to a breakout! Trade it properly.
We can see that the price broke out of the strong horizontal line (at 29500), but the bears are weak and they are not able to continue in the downtrend. What is now likely is that the bulls are going to push the price back above the line and pump bitcoin to 32K
Bitcoin -> No Bullrun Now?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows - however we could see a short term rejection away from the current resistance zone but eventually I do expect a bullish break as well.
You can also see that Bitcoin now broke below the previous daily support and is therefore now in a bearish market so I am simply waiting for a break back above the structure and then I do expect the overall bullrun to continue.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Local overwiev BTCMy local mood is bullish.
If we reach the marked area of 31800-32600 and bounce, I become a bear for half a year.
I conducted a survey among my acquaintances, do they have a desire to buy bitcoin right now? They answered maybe or someone and yes . There was something similar in 2021 for 50k and 60k . As far as I'm concerned, altcoins will start to rise and give what they had.
review of the local picture on BTCA lot has changed since my old review, now I'm neutral as I've reviewed a number of metrics, indicators and recent developments. I don't like the dump 07/23/2023 why? Because it was sharp and now we have broken this whole consolidation from 22/06/2023 , means that the level to which the price will want to return is 29600-29900 if there is a repulsion, it will mean a trip to 28000 . If we break the level of 29600-29900 it is still bullish we will see the movement.
Cautious Approach to Bitcoin Trading Amidst Bearish SignalsBitcoin's price remains bearish, lingering below the MA 50 and MA 200 indicators, indicating a continued downward trend. This suggests that the market sentiment is currently tilted towards selling pressure rather than buying opportunities.
Furthermore, the Slow K indicator is falling, signaling a potential weakening of bullish momentum. It is essential to be mindful of this decline, as it may indicate a lack of substantial buying support in the market.
In addition, the MACD (Moving Average Convergence Divergence) indicator appears to be barely profitable, reflecting a marginal difference between the short-term and long-term moving averages. This further emphasizes the need for caution, implying that the market lacks bullish solid conviction.
Considering these factors, it is prudent for traders to pause and reassess their buying strategies regarding Bitcoin. While the cryptocurrency market is known for its volatility and unpredictable nature, it is essential to prioritize risk management and avoid impulsive decisions during times of uncertainty.
As traders, we must remember that patience and a well-informed approach are essential to long-term success. It is crucial to thoroughly analyze market trends, monitor indicators, and seek insights from trusted sources before making investment decisions.
In conclusion, I encourage you to exercise caution and step back from buying Bitcoin until we witness more favorable market conditions. By adopting a prudent approach, we can better protect our capital and position ourselves for potential opportunities that may arise in the future.
BTC Price Indicators Signal a Bearish OutlookAs we analyze the technical indicators, it becomes evident that the current sentiment remains bearish, urging us to exercise patience and wait for more favorable conditions.
Firstly, it is worth noting that the Slow D indicator has recently turned negative. This indicator, known for its ability to identify trend reversals, suggests that the prevailing downtrend in BTC may persist for some time. When combined with other hands, remaining vigilant and avoiding hasty decisions becomes even more crucial.
Additionally, while still bearish, the Moving Average Convergence Divergence (MACD) indicator adds to the concerns surrounding BTC's price performance. This indicator, often used to identify potential buying or selling opportunities, suggests continuing the downward trend. It is essential to consider this bearish signal and proceed with caution.
Furthermore, the BTC price is below the Simple Moving Average (SMA) of 200. This long-term moving average is widely regarded as a significant level of support or resistance. The fact that BTC is trading below this level further emphasizes the bearish pressure in the market.
Given these indicators and the overall market sentiment, I strongly encourage you to exercise patience and wait for more positive signals before making significant trading decisions. While the crypto market is known for its volatility, it is crucial to prioritize risk management and avoid impulsive actions during uncertain times.
In conclusion, the BTC price indicators, including the negative Slow D, bearish MACD, and BTC below SMA 200, collectively suggest a cautious approach. It is prudent to wait for more favorable conditions before initiating substantial trades. Remember, successful trading requires seizing opportunities and avoiding unnecessary risks.
Let's wait for BTC indicators to turn positive before making significant trading decisions. Exercise caution and prioritize risk management. Our team supports you and provides guidance during these uncertain times. Stay tuned for further updates.
The last option on the table for BitcoinMany people see Bitcoin as falling, but has it really fallen in higher times or has it reached the bottom of the channel?
In the daily time, as you can see, Bitcoin has formed a corner pattern, which is exactly what happened in the previous two months, and we saw a 23% growth for Bitcoin. If this happens again, we will see this growth again from the bottom of the channel to the midline of the channel. That means the price will be 36 thousand. We have determined an important support range