btc → stil need to touch the lower levelhello guys...
I think the main trend still is bearish due to the last move!
the 50% of the last downward movement seems an interesting area to get a short position until the price touches the 59k area!
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Btcusdshort
BTCUSD Analysis (12th May 2024)
Crypto Analysis (12th May 2024)
BTCUSD Analysis
On the 4 hour timeframe, price has swept the liquidity at 64724.63 level and proceeded to create a CHOCH to the downside. The market followed through by creating another BOS after rejecting a 4 hour OB.
There are 2 scenarios i am looking at right now.
1) Price retraces into the FVG and creates a 15 minute CHOCH to continue the sells towards the 57000 Level. Its important to ensure the CHOCH that happens with a body candle close, for extra confirmation.
2) IF price breaks past the FVG and takes out the lower high created, we would have a bullish CHOCH. and i will be expecting a break and retest of the CHOCH level at 63511 level before looking for buys.
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.
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.
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.
Btcusd signal 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.
Confirm Chart
IS IT TIME FOR THE RISE BACK TO $70K?As I said before, I believe we're in an exciting time. We're seeing our first sign of early growth following post halving. BTC has broken the 1HR Trend Resistance and it may soon retest it as support. If it does test and hold we can be poised for a continued run to the upside. It's already broken a Key Weekly Level on Friday and it's possible that it could surpass $65,000 on its march back to $70k. If the 4HR Trend Line fails to hold as support, then I believe we will head back to $60k and test from there. Theirs always two sides of a coin, I create ideas for both. My sentiment is overall bullish, but the bears are just as easy to track & trade.
I am going to continue to chart BTC alongside ApeWifHat Weekly. The Memecoin market is not my favorite, but you can't deny the volume of Money being poured into multiple projects. I believe that #ApeWifHat is the next Meme Coin to1000x. It's very early and I'm super bullish. apewifhat.net
What's your thoughts on Bitcoins Future? Like, Share, & Comment below!
Can Bitcoin hold $57,000 price for Bullish Hopes?Bitcoin has entered a critical juncture, with its price dipping below $56,500 this week on 1st May. This decline has ignited a debate among crypto analysts, traders, and Investors: is this a temporary blip or a sign of a deepening bear market?
The current drop has some crypto analysts worried about a potential freefall. They point to the proximity of the price to the $56,500 mark, which could trigger a cascade of sell-offs, pushing Bitcoin towards $42,300 - a level not seen since February. This scenario would undoubtedly usher in a bearish market, characterized by sustained price declines.
However, I remain optimistic. As illustrated in above chart, If Bitcoin can maintain support around $57,600, it could signal a continuation of the bullish trend. This would pave the way for a potential surge towards the much-anticipated targets of $82,000 or even $100,000 by the end of the year.
DYOR before entering the market!
I can be bearish or bullish but right now, i am bearish I was bullish before. but now I am bearish because the bottom point that needs to be protected is broken. There are two different scenarios, there is a liquidity below, if the price comes below that point, the decline will continue, but if the previous peaks I mentioned are broken, I can look bullish on the market, but I am currently bearish.
BTC ON THE WAY TO 56K WITH THIS TRENDThanks for reading this update.
BTC seems to enter an important breakdown trend where we expect that BTC has a high chance of falling to 56K, this can also happen unexpectedly with free fall volume as we have seen also before.
BTC IS IN OVERFLOW VOLUME TREND..
Remember. No way is going directly to trend, BTC will play all possible trends to go to the goal. The trend is your friend.
68133 is a key level and same time a breakdown level for new volume which will make the trend decrease below. The end low time frame can change with time up, and we will update it.
Our data shows us that the possibility that BTC will break down is high.
BTC has been since OCT 2023 in a cycle trend that can end at 54K or with time higher, since data change.
Not only BTC but also the stock markets are in overflow volume, which could break down soon.
THE ETF hype will end as the most hypes did end. The same as the stock market where ETF becomes a normal trend.
We did follow more cycle trends also the starting cycle from 26K, and the last update from below 42K to ATH. click the update for more data
The overflow volume can increase btc more, but when it's time a correction starts, this can become a high correction. we expect BTC has a high chance to return 56K, then the idea it's going to 100K. Never in history of BTC there was no correction after high volume.
Manage in all time the risk, since there is nothing called only uptrend.
This update is not trading advice.
(BTCUSD) needs positive momentumThe largest cryptocurrency in the world recorded its highest levels ever
Expected scenario: continuation of the upward trend
Bitcoin (BTCUSD) price trading stabilizes around the 70200 level after the rise it witnessed yesterday, and we notice that the Stochastic indicator is showing negative signs that hinder the price’s mission to continue rising, waiting to gather positive momentum that will contribute to pushing the price to resume the upward wave that targets the 73700 level as the next main station.
We will continue to favor the upward trend for the coming period, relying on the positive effect of the previously completed double bottom pattern, while recalling the importance of stability above 68200 as a first condition for the continuation of the expected upward wave.
The largest cryptocurrency in the world recorded its highest levels ever
The prices of the digital currency "Bitcoin" fell during trading on Friday as part of a process of breathing and profit-taking, and under the pressure of the continued rise in the levels of the US dollar ahead of the release of important economic data from the United States.
The largest cryptocurrency in the world, “Bitcoin,” provided the best quarterly performance in a year during the first quarter of this year, and recorded earlier in March trading its highest levels ever, thanks to financial flows linked to funds traded on American stock exchanges.
Throughout the trading of the first quarter of this year, which officially ends at settlement today, next Sunday, Bitcoin prices have so far risen by more than 65%, on the verge of achieving the second quarterly gain in a row, and the largest quarterly gain since the first quarter of last year. .
On Thursday, March 14, the largest cryptocurrency in the world recorded its highest levels ever at $73,794, thanks to record flows into the market and successive regulatory approvals in most parts of the world, and after Micro Strategy announced the second largest A purchase you have been making since you started owning Bitcoin approximately four years ago
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Where is the end point of Bitcoin's bullish trend?In my opinion, today seems to be Bitcoin's last bullish day.
Likely, tonight or tomorrow, we might witness a small FOMO wave leading to the range of $73,000 to $74,000 ( Area $3.80~$3.75 USDT.D)
I suggest you read the previous 3 analyzes.
I would be happy if you share your opinion with me.
Give me energy by liking and following me.
Btcusd signal 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.
Confirm btcusd signal
btcusd shortBitcoin (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.
confirm signal
BTCUSD: Targeting $53000 area! Bitcoin has been consolidating within the range of $65,000 to $80,000. There is a possibility that the price may experience a decline and reach levels between $50,000 and $53,000. This range represents a crucial support zone where the price could potentially find support and rebound. It is important to note that market conditions can be unpredictable, especially during holiday periods. Trading volume is likely to normalize after April 2nd. Please always maintain risk management the first priority; only take this idea as a educational purpose and not as a guaranteed success.
Wishing everyone a joyous Easter!
BTCUSD: upcoming big sell, targeting $45,000| SetupsFX_ |Dear Traders,
Bitcoin retested selling zone, now we can target the first area 55k and then 45k. Our main reason is for selling swing is based on how price behaved and gaps within the market needs to be filled. Our entry is already activated and now we can target our areas. We expect price to hit our target by end of may.
Good Luck.