BITCOIN Brace for the strongest rally of the Bull Cycle.Bitcoin (BTCUSD) is about to enter the most aggressive part of the Bull Cycle, the Parabolic Rally. That is the final bullish sequence at the end of which leads to the All Time High (ATH) and new peak of the Cycle. What makes it the most aggressive part is its Higher Highs angle, which historically has been the greater on each and every Cycle.
More specifically, the Parabolic Rally tends to start after BTC breaks above its previous ATH (blue circle). Until then, the angle degree (°) of the Higher Highs is low, with the current Cycle being 31°, the previous one of 2019/20 at 18° and the one before of 2015/16 at 26° (2019/20 Cycle was taken as such in order to filter out both the Libra euphoria and the COVID crash). This trend-line starts at the same time the 'Accumulation Triangle' starts, which leads to the ATH rally test.
The Parabolic Rally in the last 2 Cycles has been 71° and 66° respectively. Each Cycle's ° degrees of the 2 Higher Highs trend-lines give a sum of 89° - 92°. Since the current Cycle has the first Higher Highs trend-line on a 31° angle, the Parabolic Higher Highs should be a minimum of 58°. This suggests that by June we may have hit the 100k psychological benchmark and by September even extend to $150000.
But what do you think? Have we entered the most aggressive part of the Bull Cycle and if yes, are such targets realistic that soon? Feel free to let us know in the comments section below!
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Btcusdsignals
BTC SELL MORE ON DIPS !!!HELLO TRADERS
As I can see #BTC is now trading 64k$ as we are sending our analysis our previous targets hit on BTC CHARTS ARE ATTACHED IN COMMENTS HAVE A LOOK WE ARE EXPECTING MORE DROP IN BTC TILL DESIGN LEVEL
it has broken the trend line which is a good sign for us to test the FIBO 0.618 easily friends chart is crystal clear need patience and proper MM ITS JUST A TRADE IDEA share Ur thoughts with us we appreciate Ur likes and comments.
BTCUSDT:Mainly short-selling at high positions, long with cautio
The large-level trend has turned bearish. Try to focus on high-altitude trading, and be cautious when going long.
Judging from the current trend, the resistance is mainly concentrated around 68000 and the support is around 64000. Trade around this range first. If it falls below 64000, you can make a small rebound. Don’t be too greedy when trading. Close the order in time when there is a profit.
The rebound resistance will be concentrated in the 64000-65000 range.
BTCUSD:Head and shoulders, short
The head is composed of a double top. The current form is closer to the head and shoulders . Once confirmed, the market will inevitably fall sharply, so my trading view is to go short as much as possible. The important resistance is 66,000, the support is around 58,000, and the target is 53,000-52,000.
This is a large trading space that requires sufficient trading funds and patience. If you have such conditions, you can follow my strategy and the probability of profit is about 90%.
BITCOIN Is $175000 so easy to achieve?Bitcoin (BTCUSD) broke its All Time High (ATH) this month, making history once again. The quest for the rest of the month is to close the March 1M candle above the previous ATH (69000). Why is this important? Because every time it did so in the past on each and every Cycle, the price never looked back and it entered the most aggressive part of the Bull Cycle: the Parabolic Break-out Phase.
This has coincided with the 1M RSI breaking above the 0.786 Fibonacci retracement level of the Fibonacci Channel Down. As you can see on the chart every time it did so, it reached (or almost) the top of the Channel Down (blue circle) while the price hit the 1.618 Fibonacci extension. During the first 2 Cycles the price went on even considerably higher than that (red rectangle) before the Cycle peaked, while the 1M RSI again hit the top of the Channel Down.
During the previous (most recent) Cycle though, there was no 2nd RSI top, as the price only marginally exceeded the 1.618 Fib with its 2nd top, in fact it didn't even close a 1M candle above it.
As a result, we may have a similar 'Double Top' Cycle this time also, but that's just the modest scenario. In any case the 1.618 Fib extension is now priced at $175000, which technically is a 'certainty' (if you can ever say that in investing) based on this historic chart and the Target of this Cycle.
But what do you think? Is $175k a given and if yes, will BTC surpass the 1.618 Fib for an even higher Cycle Top? Feel free to let us know in the comments section below!
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btcusdBitcoin (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.
Bitcoin continues to press higher, making fresh all-time highs in the process. The largest cryptocurrency by market capitalization is up just over 92% since the January 23 swing low ($38.55k), with the move higher driven by ongoing spot ETF buying. Blackrock, the world’s largest asset manager, now holds approximately 204k Bitcoin – current value $14.97 billion – despite their spot ETF being less than two months old. This holding is just behind MicroStrategy’s Michael Saylor who currently holds 205k BTC at an average cost price of around $33.7k.
BITCOIN New bottom formed. Rally could aim well above $100k.Bitcoin (BTCUSD) is at the early stages of a new parabolic rally, similar to January - March, as a key bullish development took place. The 1D RSI hit the 50.00 neutral (middle) level for the first time since breaking above it on January 26 2024 and rebounded, while keeping the 1D MA50 (blue trend-line) intact.
This is a strong bullish signal for the Bull Cycle. BTC has been within a range for the majority of this month and last time all those parameters emerged together was in late November - early December 2020. At that time, Bitcoin also hit the 50.00 RSI level, held above the 1D MA50 and after being ranged for almost a month, it started a new parabolic bullish leg towards the 6.0 Fibonacci extension before the next 1D MA50 pull-back.
As you can see, both sequences capped a roughly +100% rise since the previous Lows where the price made contact with the 1D MA100 (green trend-line) and eventually bounced. The 1D MA100 wasn't touched again for almost 7 months, not before BTC approached the 8.0 Fib extension, completing a +563% rise from that Low.
The fractals are virtually identical so far and if the current price action continues to replicate 2020/ 2021, we expect the 1D RSI to hit 90.00 again before retracing. If $100k isn't hit at that time, we will book profits regardless and buy again on the next 1D MA50 contact. Until then, $100k is our next Target.
But what do you think? Is 100k a realistic target that soon and if yes can Bitcoin repeat 2021 to its full extent and even reach 250k? Feel free to let us know in the comments section below!
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Is the next Bitcoin target $65k or $60k? check the analysis📣 Hello Mates!
We have observed that Bitcoin has been continuously rising for the past several weeks.
Bitcoin has surpassed its previous target of $69,000 and has now reached $70,000.
We believe that a resistance is forming at $72,000, which may not be surpassed yet. According to our analysis, the market will reach $65,000 or $60,000.
Perhaps the market will reach $70,000, then decline to $64,000, before rising to $72,000.
Subsequently, our target will be reached at $65,000 or $60,000.
However, it's also possible that the market will continuously fall below $70,000, ultimately reaching our target of $65,000 or $60,000.
Stay tuned for further updates and trade smartly! 📊
BITCOIN Will 60k hold?Bitcoin (BTCUSD) is having so far its strongest correction (almost -15%) in 2 months (since the January 23 2024 Low) with the 1D RSI turning neutral (was overbought last week) after forming Lower Highs (i.e. a Bearish Divergence).
The dominant pattern is still a Channel Up, supported by the 1D MA50 (blue trend-line) and last time we saw such an RSI Bearish Divergence was during the previous Channel Up (October 13 2023 - January 11 2024) but turned out to be false and the trend continued upwards. This time though the pull-back appears to be stronger, similar to January 12 2024, which broke the previous Channel Up and made a bearish move towards the 0.382 Fibonacci retracement level.
As a result we are looking for a pull-back extension near Support 1 (59500) and the 0.382 Fib, which is marginally below it, where the 1D MA50 is headed. This is the strongest Support Cluster possible on the short-term and if it holds, the bullish trend of the Channel Up should be maintained and the potential rebound can target $90000 around the time of the Halving. If however the price closes a 1D candle below the 0.382 Fib, we will be looking towards a 1D MA200 (orange trend-line) test around 45000, before the bullish trend is resumed.
Notice also that technically the 44.90 - 36.00 1D RSI Support Zone has been a buy opportunity since for the past 6 months.
Feel free to let us know in the comments section below!
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BTCUSD Bitcoin Robbery PlanDear Crypto Looters,
My BTCUSD heist plan is started am looting Some coins.💰 My Target is placed at escape zone. If you were looting more and more money you will be bitten to death by ferocious animals. so get out of my escape target and i've put a tunnel in it so you can go and escape.
LOL
btcusd sell 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.
Bitcoin (BTC) price shows a slowdown in momentum as it set up a new all-time high of $73,949 on March 13. Considering the massive uptrend that BTC has been experiencing, a short-term correction is nothing to be concerned about.
DeGRAM | BITCOIN potential buy opportunityBitcoin is consolidating between support and resistance levels.
The market is likely to retest the resistance level and possibly break through the channel border.
We expect a retest of the resistance level following divergence or a sideways move.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Btcusd sell long Bitcoin (BTC) price shows a slowdown in momentum as it set up a new all-time high of $73,949 on March 13. Considering the massive uptrend that BTC has been experiencing, a short-term correction is nothing to be concerned about.
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 LONG 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 SELL
BITCOIN This dump will truly test the strength of the rally!Bitcoin (BTCUSD) declined from the fresh 73700 All Time High (ATH) back to 65600 in a matter of a few hours, breaking below the 4H MA50 (blue trend-line), entering the green Ichimoku Cloud for the first time this month, while touching the bottom of the short-term Channel Up pattern.
This is the 2nd Higher Low for the pattern and now is the time for the trend to test the strength of this rally. As long as the candles close inside the Channel Up, we expect the bullish trend to continue and make a break-out attempt even to the 3.0 Fibonacci extension (90000), similar to the Channel Up bullish break-out that delivered the December 09 2023 High.
The two patterns share many similarities not just on their price action and MA periods involved but also on their RSI sequences. If the Channel Up breaks to the downside though, we expect a quick test of Support 1 and will pursue a 60000 Target that should test the 4H MA200 (orange trend-line). Then, as long as the 1D MA50 (red trend-line) holds, we can look forward to a bullish reversal and higher accumulation towards yet another ATH near the end of the month or at worst first week of April.
Feel free to let us know in the comments section below!
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BTCUSD SHORTBitcoin Price (BTC) Real-Time Live Price
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.
Will BTCUSD drop significantly?
Rely on technical aspects. The market still maintains a strong upward trend. The first point is the universalization and value-added of digital currency, which is also the first choice to resist inflation. The second is continued weakness in the dollar, and the third is increased demand. Three simple points outline BTC’s strength. At the same time, mysterious buyers always cover their positions at low levels. The above adds strong support to the bottom of BTC.
BITSTAMP:BTCUSD CRYPTOCAP:BTC INDEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD
Whether it is value investing or short-term speculation, I think the time to buy is sooner or later. Just need to measure your own financial situation. Can you bear the risk of a correction?
Based on the above, the following suggestions for buying BTC are given. The prices are based on tradingview's prices.
BTCUSD No. 1 Buying Position 72614
BTCUSD 2nd buying position 71535
BTCUSD 3rd buying position 70500
The strong support below relies on 70k, which is an important integer level.
BTCUSD SELL CONFIRM 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 sell signal
BITCOIN The ETF multiyear rally has only just begun(Gold's case)With Bitcoin's (BTCUSD) continuous bullish run, day after day, running basically the 7th straight green month, we thought it may be a good time to put things into a greater perspective from a macro point of view, as many seem confused over this hyper aggressive bullish sentiment.
The reason is one and one alone and has a very short name: E T F
Yes, everyone that is following the market knows that on January 11 2024, the first Bitcoin ETF was launched on the U.S. market and after a quick dip, the price has been rising every since. Other macro factors are playing their role, such as the AI technological innovation, the upcoming Halving, the anticipation of Fed rate cuts by June etc. But BTC has never made a new All Time High (ATH) before the Halving before, and this is primarily attributed to the ETFs introduction.
What better case to compare Bitcoin's price action to Gold's following its own ETF launch. That was done on March 28 2003 and the result you can see on the right hand chart. Gold used its 1W MA50 (blue trend-line) as a Support to fuel an 8 year parabolic rally, which only broken during the shock of the 2008 Housing Crisis, but still managed to recover the extend the rally until August 2011.
That peak almost on the 4.0 Fibonacci extension level from the High (January 1996) that preceded Gold's ETF. If Bitcoin follows a similar trend to Gold's (note that Gold's market cap is around $14.530 Trillion, while BTC's is 'only' $1.445 Trillion), it can reach and even surpass emphatically the $1000000 mark (the 4.0 Fib for Bitcoin is at $6 million). Crazy as this may sound (well that's Bitcoin's life story, everything has been 'crazy' at $1, then $10, $100, it was deemed expensive by some even at $1000 and so on), there is no time restriction nor the necessity to reach seemingly extraordinary levels in 8 years or 10. As the market matures, fiat currencies are devalued by more inflation etc, and adoption is accelerated, this may be a process that takes up 15, 20, 30 years. The key, not just for fund managers but also average investors, is to hold Bitcoin in their portfolios just as it has been paying off since 2003 to hold Gold.
Buy what do you think about these two assets and their potential similarities of their post ETF trends? Feel free to let us know in the comments section below!
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BITCOIN hit 70k! Can a 60k pull-back deliver 100k in 3 months?Bitcoin (BTCUSD) broke the $70000 psychological barrier today, smashing yet again a benchmark level during this Bull Cycle and on a momentum basis, it does not give any signs of stopping. However based on the 2020 post-COVID crash fractal, which started after the 1D MA50 (blue trend-line) crossed above the 1W MA50 (red trend-line), and that BTC has been following on an almost identical trade for the past 1 year (since March 2020), the price may experience a short-term pull-back at this stage.
If the fractal continues to play out, then a $60000 correction towards the end of the month, may come as a technical necessity is Bitcoin is to see a new High as we get closer to April's Halving. As you can see, even the 1D RSI sequences between the two fractals are quite similar. Based on that fractal we may even see Bitcoin at $100000 as early as June!
Do you agree with that? Feel free to let us know in the comments section below!
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My View Point On Bitcoin today, {6/03/2024}Educational Analysis says BITCOIN BTCUSD may move in this range for some time according to my technical.
Broker - bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because I think It's going to be short selling for Bitcoin this year or up to the end of this year, There is a lot of liquidity as fvg & volume gaps to the downside.
Bitcoin Institutional traders have built a lot of liquidity when the price was very low, I think it's time to collect it and after that go for an all-time high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.