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.
Btcusdsignals
BITCOIN What is next narrative it will break?Since th 2021 Bear Cycle started, Bitcoin (BTCUSD) entered a phase that few could have predicted. You can very easily even call it the 'Cycle of Narrative Destruction' as since the June 13 2022 break below the previous All Time High (ATH), Bitcoin started breaking narratives that have been well established throughout its history and few thought could break.
** Five major narrative breaks so far **
Starting from the very first narrative destruction on the week of June 13 2022 (we are viewing this chart on the 1W time-frame), Bitcoin managed to break below the previous ATH (19350) for the first every in its history. Then a few months later in November 2022 in the aftermath of the FTX crash, it broke below the 1W MA300 (red trend-line) also for the first time ever. This resulted into the first ever 1W Death Cross around February 2023 and following the recovery during 2023, it naturally formed the first ever 1W Golden Cross around the last week of December first week of January 2024. The most recent narrative that BTC has destroyed was this week as it made a new ATH marginally above $69000, which was the first time it did so before the Cycle's Halving (which is due in mid April 2024).
** Which narrative is next to break? **
As you can see, those are 5 major narrative breaks in the span of 18 months. So what narrative will BTC break next? The first that comes to our mind as the market is rising that fast this high, is the Theory of Diminishing Returns (TODR). This theory implies (and has been correct so far) that each Cycle delivers lower returns than the previous. As you see on the charts, the first Cycle gave +531681% returns, the next one +62325%, then +11808% and the most recent +2051%.
** So 330k is realistic?? **
If this narrative is to break, it means that BTC would need to make a little over +2051% during the current Cycle. That suggests that we can be looking at a Cycle peak above $330000! Of course if that happens, it would mean that Bitcoin will also break above its historic Parabolic Growth Channel, which can be considered another narrative destruction.
But what do you think? Can the Theory of Diminishing Returns be the next narrative to break and if not, which one do you think it will be? Feel free to let us know in the comments section below!
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Btcusd sell 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 signal
BITCOIN Volatility to kick in as we approach the Halving?So far since the November 2022 bottom, Bitcoin (BTCUSD) has formed the same pattern twice: roughly +100% rise, a Triangle that preceded the rally's top, followed by a roughly -20% decline in the form of a Channel Down.
The latest high volatility of the past 3 days resembles those Triangle patterns before the peak. A +96.43% rise, similar to the previous Wave, gets completed around $75500. If BTC continues to replicate those patterns, then a -20% correction should coincide with April's Halving.
Do you think that Bitcoin will continue following that blue-print? Feel free to let us know in the comments section below!
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BTCUSD Bitcoin Price (BTC) Real-Time Live PriceBitcoin (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
Btcusd sell 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.
Bitcoin Price (BTC) Real-Time Live Prices
Bitcoin (BTC) price action over the past eight days signals a lack of volatility and reduced liquidity. This coiling up could lead to a steep correction in the near future for BTC. Confirm signal btcusd sell
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.
Bitcoin Price (BTC) Real-Time Live Price confirm Chart sell
BITCOIN Perfect symmetry shows $170k!This chart on the 1W time-frame shows how symmetric Bitcoin's price action has been before and after the March 2020 COVID crash with the price action has been before and after the November 2022 FTX crash.
Both within the long-term structure of a Channel Up, the bottomed below the 1W MA200 (orange trend-line), turned a Resistance into Support when the rally really took off, while the 1W RSI was ascending on a Channel Up.
Within this nearly 7 year Channel Up, BTC made its two Higher Highs peaks after a +1000% rally, which indicates that is the standard for the pattern. A repeat of a +1000% rise from the November 2022 bottom gives us a projected peak around $170000!
How realistic do you think that is? Do you agree with that model? Feel free to let us know in the comments section below!
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BTCUSD SELLBitcoin (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 Zone Sell Confirm long Target 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.
Bitcoin Price (BTC) Real-Time Live Price
Bitcoin price has formed a potential top signal that forecasts a sell-off. The weekly chart also points to a bearish divergence, which adds credence to the bearish outlook. Investors can expect BTC to consolidate between the $52,062 to $45,160 levels.
Confirm Chart
Btcusd Looking Bullish Long trade Setup Btcusd Break the short time frame Resistance and already Break the main time frame Resistance.
Btcusd looking good for bullish move and must be going For New All Time high.
You can trade on btcusd in the long direction side as strong bullish move expected in the upcoming days as Well
analysis elliot btcusd. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTCUSDT sell Bitcoin price has formed a potential top signal that forecasts a sell-off. The weekly chart also points to a bearish divergence, which adds credence to the bearish outlook. Investors can expect BTC to consolidate between the $52,062 to $45,160 levels.
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.
BITCION RETACE TIME NOW !!! LETS SELL SOMEHELLO TRADERS
As you can see BTC HIT ALL OUR GIIVEN TP IN PREVIOUS ANALSYSIS AN BOOST FROM 42k TO 57K DONE NOW EW HAVE TO WAIT and LOOKING for a retracement to a broken resistance which is a strong support now ahead at 60k there is A WEEKLY BASED STRONG RESISTENCE if markets tested otherwise 57k is also a level let's see what markets brings if you have any perditions or idea share with us in comment it help- many other traders
stay tuned for more updates
BITCOIN Today's monthly closing can start a rally to $81000!Bitcoin (BTCUSD) is closing the monthly (1M) candle today and to the surprise of most, it is near the November 2021 All Time High (ATH). In fact it is exactly at the level where the ATH monthly candle (Nov 2021) made its closing. As a result if the month of February closes today above it, we will have a new ATH monthly closing!
** The importance of the monthly closing **
Why is that so important? Because every time in history BTC closed a 1M candle above the closing of the previous ATH candle closing, it started the Parabolic Rally Phase of the Bull Cycle and never looked back until the Cycle top. This is a key level as there were 2 times it got tested but as the 1M candle didn't close above the previous ATH candle closing (August 2012 and June 2019), the price got rejected and took numerous more months before the next test and eventual break-out.
** The 1M RSI and Fib bands **
It is important to highlight that on the tests that were successful and made a new 1M candle close above the previous ATH candle closing, the 1M RSI was overbought above 70.00 (blue circle and arrow), while the 2 times it failed, the RSI was below 70.00. Also during those successful tests, the 1M candle was recently detached from the Fib MA Multiple 3 (blue trend-line) and in reached Multiple 5 (yellow trend-line) within the next 2 months maximum.
** What's next if successful? **
This indicates that if today's monthly candle closes above our critical level, we should see $81000 by April! And if you want to make a rough estimate of the top of the Cycle, it should be at or marginally below Multiple 7 (red trend-line) with a fair projection being $150000. You should also consider to start profit taking once the 1M RSI approaches its historic Lower Highs trend-line, which has timed the pricings of all Cycle tops. And with the exception of the last one, that was on a Double Top on the Lower Highs.
But what do you think? Will Bitcoin makes a closing above the ATH 1M candle closing today and if so, will it hit 81k by April? Feel free to let us know in the comments section below!
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BITCOIN SHATTERED Bull Market Doors! What NEXT??Welcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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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 newBitcoin (BTC/USD) Hits $57k, Ethereum (ETH/USD) Touches $3,275 as Buyers Dominate the Markets and forecasts to plan your trades using fundamental and technical analysis.Bitcoin price has formed a potential top signal that forecasts a sell-off. The weekly chart also points to a bearish divergence, which adds credence to the bearish outlook. Investors can expect BTC to consolidate between the $52,062 to $45,160 levels. confirm chat
BITCOIN on the quickest ATH test! Is this a narrative breaker?A few weeks ago we published an analysis regarding the importance of the .786 Fibonacci retracement level in cyclical terms, showing that historically, every time Bitcoin (BTCUSD) has closed a 1W candle above that Fib level, it never looked back and it always tested the All Time High (ATH) soon after.
Fast forward to today, BTC has already closed 2 straight 1W candles above that level. On this analysis on the 5D time-frame, we see the completion of the Golden Cross, which has always been present once on every Cycle, this time though formed the closest ever to the ATH.
In fact Bitcoin is 'only' another +20% away from its ATH and technically in should get hit within the next handful of weeks. In that case, we will have the quickest rise from a Cycle Bottom (RSI based) to ATH since the 2012 - 2013 Cycle, which was Bitcoin's first and of course not a representative Cycle sample as it was on its first years and naturally on a very aggressive rise due to being a brand new market on low cap. If we do count however from the actual November 2022 bottom (460 days up to now), then the current Cycle goes head-to-head even with 2012 - 2013 (it was 466 days until the ATH)!
In any case, this is a remarkable run for the market with still more than a month left until the new Halving! Of course much of this rally is attributed to the newly approved ETF, which is attracting historic attention and capital inflows on Wall Street. Just a side-note, it is worth paying attention to the 5D RSI. A Resistance Zone test can be a first bell that the top is in or very close.
But what do you think? How long before we test the ATH? Feel free to let us know in the comments section below!
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BTCUSD READY FOR FLY TO 54K$HELLO TRADERS,
As i can #BTC has done a retracement of 9k$ and now created a Double Bottom Its a strong support zone too for BTC & it's now testing the Trend line also so technically it's a great area for buying BTC with a small risk al looking for a huge rewards friends EFT and many more things are happening around the world for Crypto Legalization. fundamentally it's also a bull run for Crypto Currencies. have look on our previous analysis for Short on BTC almost achieve all give TP, s chart is attached in comment. Friends it's just a trade idea on base of technical analysis kindly share Ur thoughts with us on this pair it helps us all.
STAY TUNED for more updates.
BITCOIN Is it about to 'Ride the Bollinger Wave'?Bitcoin (BTCUSD) is on the 3rd straight month that the 1M candle has touched the top of the Bollinger Bands (BB). At the same time the Bollinger Bands Width (BBW) is on the rise while the 1M MACD is well past its Bullish Cross.
When all those three catalysts took place together in the past, BTC has extended the rally on top of the BB, which is something we historically call 'Riding the Bollinger Wave'. Technically this should give at most a 2-month pull-back, which would of course be a buy opportunity, until the Cycle tops.
Will you continue buying every pull-back without fear? Feel free to let us know in the comments section below!
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BTCUSD Zone Sell 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/USD sell confirm
BITCOIN Below the 4H MA50. Where does it go from here?Bitcoin (BTCUSD) has broken 3 days ago below the 4H MA50 (blue trend-line) for the first time in 2 weeks and so far remains under it, unable to regain the bullish momentum of the first half of February. But how bad can that be? Does it jeopardize the long-term bullish trend?
For now not. Even though the February 15 High was technically a rejection on the Higher Highs trend-line that started on December 05 2023, the medium-term pattern remains a 1-month Channel Up. That pattern is similar to the Channel Up from October 13 2023 to December 17 2023, which broke sideways after a 1D candle closing below the 4H MA100 (green trend-line). The 4H MA100 is currently at 49656, with additional support levels Support 1 (48400) and the 0.5 Fibonacci retracement level (47800), which provided the necessary support on the December 11 2023 Low.
As a result, we have a strong candidate zone as the new Support Base that can technically extend the bullish trend of the Channel Up. The short-term target is the Higher Highs trend-line at 55000 and if we get a 1D candle closing above it, Channel Up extension to its top at 60000.
Note that the 4H RSI offers a very strong buy signal on its 30.00 oversold barrier. Every time it was hit in the last several months, the price rebounded (even in the cases January 13, 14 and 18, when it was just short-term rebounds).
But what do you think? Will BTC provide a bullish extension on the current Channel Up? Feel free to let us know in the comments section below!
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