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BTCUSDTPERP

#BTC may enter a complex consolidation stage again📊#BTC may enter a complex consolidation stage again📉 🧠From a structural perspective, the bullish cup-and-handle structure failed as the bullish defense point fell below, which means we lost the reason to continue to be bullish. This means that we will most likely enter a complex consolidation stage at the weekly level again. ➡️From the perspective of wave theory, we are completing wave 3. After reaching the staged target area, there may be some rebound to complete wave 4. Let's see 👀 ⚠️Don’t forget risk management⚠️ ✔️Trade Security✔️ 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Short
by wolf_king888
#Bitcoin Weekly Technical Analysis by Cryptorphic, Target $155k!Overview: This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart. Historical Price Movements: 1. First Major Rally (2016-2017): - Growth: 4,499.77% - Price Increase: From ~$430 to $19,439 - Duration: 86 bars (602 days) 2. Second Major Rally (2020-2021): - Growth: 1681.18% - Price Increase: From ~$3924 to $69,889 - Duration: 95 bars (665 days) Current Trends: - Current Price: $70,004.70 - Support Levels: $44,532,$52086, $60200, $68300 (Immediate support) - Resistance Levels: $73,000.00 (immediate), $138,000-$155,000 (projected) Moving Averages: - Purple Line: 20-week moving average - Pink Line: 50-week moving average Future Projections: - Potential Target: $138,000-$155,000 - Critical Date: April 2, 2024 - Trend Analysis: Watch for a breakout above $75,000. Conclusion: Bitcoin shows strong bullish trends. A breakout above $73,000 could signal another major rally. Monitor the 20-week and 50-week moving averages for trend confirmation. Simple maths, Fractals and all the data from indicators suggest Bitcoin is poised to hit $100k+ by EOY. SO AVOID THE NOISE, LOOK AT THE BIGGER PICTURE! Disclaimer: This is for informational purposes only and not financial advice. Conduct your own research before investing. Please hit the like button if you like it and share your views in the comment section. Thank you #PEACE
EIGHTCAP:BTCUSDLong
by Cryptorphic
#BTC rebounds as Scheduled, what next?📊#BTC rebounds as Scheduled, what next?❓ 🧠Structurally, there is a bullish cup-and-handle structure acting as support for the upside, so there is a case to continue the bullish trend. ⚠️But from the perspective of the weekly level, we cannot be too optimistic before we break through ATH. If we do not continue the bull trend but choose to continue falling, we need to be wary of the weekly level entering a complex consolidation stage again. ⚙️Therefore, we don't have to guess how the market will develop. What we can do is to lock in the main profits of the long orders we hold and then look forward to more, and look forward to the continuation of the long trend in a low-risk or risk-free way. 🎉Congratulations to all the friends who followed Wolf King to print money.💰🍻 ⚠️Don’t forget risk management⚠️ ✔️Trade Security✔️ 🤜If you like my analysis, please like 💖 and share 💬 BINANCE:BTCUSDT.P
Long
by wolf_king888
Bitcoin BTC price move plan for incoming weeksFor the coming week, both buyers and sellers have a specific task: some have to lower the price of #BTCUSDT as low as possible to break down the structure, while others have to raise it to break up the stops of shorts positions 🔼 CRYPTOCAP:BTC buyers are currently looking stronger, and if they manage to defend $67000-67300, they may start attacking and updating #Bitcoin ATH very soon. The fuel for growth should be the stops of short positions hidden above $73K. and $74k. 🔽 Sellers now have a much more difficult task: they need to break the growth structure, and for this, they need to fix #BTCUSD price below $60-61k The next known strong macroeconomic news is expected on June 12, when the CPI US and the Fed Funds rate will be announced. If you're reading this idea and are interested, please leave a comment under the idea and put like. And then we'll write more thoughts on BTC.D and USDT.D and how altcoins may develop in the near future.
by P_S_trade
9
Bitcoin - Reaccumulation or Distribution IIIMacro Perspective: Bitcoin is still in a Wyckoff accumulation/distribution schematic. Medium-Term Bias: The Sideways trend is expected to continue until Bitcoin either makes a Lower Low (LL) or breaks above 74K and flips it to support. This process is projected to unfold by October 24. Because of Bitcoin’s lackluster PA and time factors, I am leaning towards distribution. In the short term, there are two distinct scenarios that could potentially unfold, each with its own implications for Bitcoin's price action: 1. UTAD. Bitcoin is still holding the trendline and the 69K support. In that respect, it can still try for a UTAD. Following the UTAD, I expect a swift decline to the range low. 2. Should Bitcoin fail to hold the trendline, Bitcoin will find support between 67.8K, which is the range PoC, and 67.3K, which is the mid-range. Then, the trendline will flip to resistance and Bitcoin will drop to the range low. If this scenario materializes, look for bearish divergences as a confluence factor for a short trade.
Short
by NewThoughtCrypto
#BTC reaches the buying zone📊#BTC reaches the buying zone✔️ 👀 We pulled back sharply after being rejected at the resistance zone as expected and have now stopped falling near the buy zone. 🧠From a structural point of view, the bullish cup-and-handle structure has not been destroyed, so the expectation of rising prices still exists, and it is impossible to chase the decline in the buying zone. ➡️From the perspective of wave theory, before wave 4 is broken, the upward trend is intact, and wave 5 is still worth looking forward to. ⚠️Note, if we continue to fall after rebounding, we need to be wary of entering the complex consolidation stage at the weekly level again. ☕️In addition, after experiencing a sharp decline, it is also a weekend, so the trading volume should not be too large, and the situation reflected in the chart should not change much. So have a good rest over the weekend. ☕️ ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:BTCUSDT.P
Long
by wolf_king888
1
#BTC trading opportunities to share📊#BTC trading opportunities to share🔥 ⚠️It is impossible to chase the rise in the red selling zone. We would rather miss the market than let emotions guide us to trade.❌ 🧠There are currently only two participation plans for long trading👇 ➡️First, be patient and wait for the buying opportunity when the price breaks through the resistance zone and falls back into the selling zone. ➡️Second, be patient and wait for the price to return to the overlapping buy zone below for a buying opportunity. Let’s see which trading opportunity the market will give us☕️👀 ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:BTCUSDT.P
Long
by wolf_king888
#BTC bullish cup-and-handle structure📊#BTC bullish cup-and-handle structure📈 🧠From a structural point of view, we have successfully broken through the turning point, which means that the bullish structure of the cup and handle has been established. It is reasonable to use the bullish structure as a supporting force to continue the upward trend in the future.📈 ➡️From a morphological perspective, the ascending triangle is established. ⚠️But we need to be clear that we are currently in the red target zone, so we cannot chase the rise. If there is a good correction and the price reaches the buy zone, it will be a long trading opportunity worthy of our attention. Let's see if the market can give us such an opportunity.👀 ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:ETHUSDT.P
Long
by wolf_king888
Bitcoin's Bullish Surge Supported by Rising Open InterestBitcoin's Bullish Surge Supported by Rising Open Interest: $80K Next? Bitcoin (BTC) is experiencing a bullish surge, fueled by rising Open Interest (OI) in the derivatives market. This strong showing indicates a growing optimism among traders, with long positions dominating the market. Let's delve deeper into this trend and explore what it might mean for the future price of Bitcoin. Strong Hands in Control: The Rise of Open Interest The derivatives market offers a glimpse into investor sentiment through Open Interest (OI). OI refers to the total amount of outstanding futures contracts that haven't been settled yet. In simpler terms, it reflects the future price movement. total value of bets placed on Bitcoin's A recent surge in OI signifies a rise in trading activity and growing confidence among investors. This is precisely what we're witnessing in Bitcoin's market. As of June 4, 2024, OI has reached 17.89 billion, demonstrating a significant increase over the past week (5.98%) and even within the last 24 hours (0.06%). Bullish Sentiment: Longs Take the Lead The dominance of long positions in the derivatives market is another key indicator of bullish sentiment. Long positions represent traders who believe the price of Bitcoin will increase. Their willingness to pay premiums to short sellers (those betting on a price decrease) further strengthens the bullish case. This current trend suggests that investors are generally optimistic about Bitcoin's future prospects. They are placing their bets on a price rise, injecting confidence into the market and potentially propelling the price upwards. Increased Liquidity, Volatility, and Attention The rise in OI is accompanied by a rise in liquidity, volatility, and market attention. Increased liquidity makes it easier for traders to enter and exit positions, promoting smoother price movements. Volatility, while it can be risky, also indicates market vibrancy and can attract new investors seeking potential gains. More importantly, the surge in OI reflects heightened market attention towards Bitcoin. This increased scrutiny places Bitcoin in the spotlight, potentially attracting a wider range of investors and further fueling the bullish momentum. Can Bitcoin Touch $70,000? With the current bullish trend and rising OI, Bitcoin appears poised to break through key resistance levels. The $70,000 mark, once a distant target, now seems within reach. However, it's important to remember that the cryptocurrency market is inherently volatile, and unforeseen events can trigger price corrections. A Word of Caution While the current market conditions are encouraging for Bitcoin bulls, investors should always exercise caution. The cryptocurrency market remains unpredictable, and past performance does not necessarily indicate future results. Conducting thorough research, employing sound risk management strategies, and maintaining a long-term perspective is crucial before entering the Bitcoin market. Conclusion Bitcoin's recent surge, coupled with rising Open Interest in the derivatives market, paints a bullish picture. The dominance of long positions increased liquidity, and heightened market attention are positive signs for the world's leading cryptocurrency. While the $70,000 target appears achievable, cautious optimism is warranted due to the market's inherent volatility. By carefully evaluating market conditions and implementing strong risk management practices, investors can position themselves to potentially benefit from this exciting chapter in Bitcoin's ongoing story.
BITSTAMP:BTCUSDLong
by bryandowningqln
#BTC is in a complex consolidation phase, stay patient📊#BTC is in a complex consolidation phase, stay patient☕️ 🧠From a structural point of view, we have entered a complex consolidation stage after achieving the weekly and daily level targets. The realization of the large cycle target means that a large cycle adjustment may occur, so the expectation of a callback will always be exist. ➡️From the perspective of wave theory, wave 5 has a chance to occur. 🔥Therefore, there are relatively large differences here. Since there are differences, what we need to do is to remain patient and wait for the price to reach the non-contradiction zone to find new participation opportunities. Even if you want to trade in this area now, try to do it in a conservative way. ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:ETHUSDT.P
by wolf_king888
Bitcoin is Ready to Fall===>>Symmetrical TriangleBitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle . We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign ). I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart. Important Support Zone($69,500_$68,820) : Monthly Pivot Point//Fib Cluster//100_SMA(Daily)//50_SMA(Daily) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
32
#BTC/USD Forecasts Suggest a Rally to $85,000 in Q3!📊 BTC/USDT Technical Analysis by Cryptorphic 📊 As of June 3, 2024, BTC/USDT is showing promising signs of a potential breakout. The price action is currently testing the upper boundary of the bullish flag in weekly, with significant support levels around $62000. 🔍 Key Levels: - Support: $62,959.01 - Resistance: $69,001.80 (Current Price) The 200 EMA has acted as strong support, with the price bouncing off the highlighted support zone multiple times. The recent bullish momentum suggests a breakout could be imminent. 🟢 Bullish Scenario: - A breakout above the current resistance of around $69,000 could propel BTC towards the next psychological level of $72,000 and beyond. According to Fibonacci extension levels, BTC could reach approximately $86,700 within the next 6-8 weeks. 🔴 Bearish Scenario: - Failure to break above the resistance may lead to a retest of the $62,959.01 support level. Stay tuned for more updates and trade wisely! 📈 Please hit the like button if you like my charts. Thank you #PEACE
GEMINI:BTCUSDLong
by Cryptorphic
2
#BTC rising triangle failure, alert to medium-term fall risk.📊#BTC rising triangle failure, alert to medium-term fall risk.⚠️ 🧠From a structural point of view, we fell below the bull defense point, so the big double top bearish structure was established. If we fall according to this structure, there is a high probability that we will enter a deep callback stage, so please be wary of being bullish! ➡️We are currently near the phased support zone, so it is best to wait patiently for a rebound to appear before looking for shorting opportunities.☕️ Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:BTCUSDT.P
Short
by wolf_king888
1
#Bitcoin Update+ Risk Check, Are you safe?12 days ago, BTC Daily faced rejection, whereas the 6-hour chart appears stable. Currently, the price is hovering at the support level. However, come Monday, the situation could shift, regardless of the direction. If Bitcoin rallies to the lower support in daily, will your position remain secure? If not, you may be overexposed! Many new traders make this mistake routinely, ultimately becoming targets for liquidation engines. I recognize that these dips, if they occur, present opportunities. I understand that I might not be able to time the exact bottom perfectly, so I take action by laddering in and increasing my exposure during downturns. I am holding a few leveraged positions with low leverage, and I plan to do the same. It's very important to manage risks when the Altcoin market is about to go parabolic! #bitcoins #AltcoinGems Do hit the like button if you agree and share your views in the comment section. Thank you #PEACE
by Cryptorphic
4
#BTC has a chance to form an ascending triangle📊#BTC has a chance to form an ascending triangle👀 ➡️Yesterday, we broke through the main resistance area after rising according to the double bottom structure, but fell sharply without achieving the ideal goal. So, will we be bullish or bearish next❓ 🧠From a graphical perspective, we have the opportunity to form an ascending triangle. The probability increases after breaking through the short defense point, and is established after breaking through the inflection point. ➡️From a structural perspective, we are currently in a short structure of a small double top. If the decline continues according to this structure, achieving the goal of this structure means falling below the bull defense point. This means that there is a chance that the big double top bearish structure will be established. ➡️So all we need to do now is be patient and wait.☕️ As the monthly close approaches, please remain patient and vigilant!⚠️ Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:BTCUSDT.P
by wolf_king888
Bitcoin is Ready for PUMP to $69,000(at least)Bitcoin is currently moving near the Potential Reversal Zone(PRZ) , the lower line of the ascending channel , and the 100_SMA(4-hour TF) . In terms of Elliott wave theory , Bitcoin seems to be completing wave C . The correction pattern is Zigzag(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin is moving in a Falling Wedge Pattern . I expect Bitcoin to rise to at least the Resistance zone($69,500_$68,820) . Note: If Bitcoin manages to break the lower line of the ascending channel, we should wait for Bitcoin to attack the support zone ($65,730_$64,180). Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
15
#BTC/USDT 4 Hours Technical Analysis!#Bitcoin Short-Term Analysis Bitcoin's price action (PA) is expected to be choppy in the near term, providing more consistent opportunities in altcoins. If you're trading with leverage, be prepared to see your positions fluctuate between gains and losses. Just take a look at the current price action. Key Levels to Watch: - Bullish Sentiment: Bulls need to hold the $66,888 level to maintain a bullish outlook. - Support Levels: A break below $66,888 could see Bitcoin drop to the $62,300-$63,300 range. Market Dynamics: The more stagnant and boring the price action becomes, the easier it is for market makers (MMs) to manipulate the market. Trading Strategy: - Leverage Traders: Stay focused and cautious if you're trying to scalp. - Spot Traders: Hold your positions and avoid making impulsive decisions. My thought: Amidst market turbulence, we stand firm since $16k, aiming for the long run. Stay focused with me, distractions won't sway us. I hope this helps. Cheers! Do hit the like button if you like it. Thank you #PEACE
Long
by Cryptorphic
BTCUSDT is at 4h resistance now, may experience some struggle The price has bounced from 4h support 4HS1 and now it has headed towards 4h resistance 4HR1. The price is currently trading inside this resistance zone. The price will face some struggle here and some pullback may be expected. Some momentum is there and the price has moved to this resistance 4HR1 from the support 4HS1 quite quickly. And therefore, any short trade I am not taking. We will look for a trade opportunity based on how the price reacts to this resistance zone.
by angela_altair
1
📊#BTC next structural evolution🧠🤷Unfortunately, the long order we left yesterday was wiped out after the stop was moved up. But it doesn’t matter, it’s just a small profit.💰🍻 🧠At present, we have once again come to the contradictory interval, which is also called the unprofitable interval, so we choose to give up the long trading opportunity here. ➡️If we choose to break directly above the major resistance zone and successfully break out of the inflection point, then we will focus on the long trading opportunities after the pullback. 👀The best case scenario is that we can return to the vicinity of the buying zone and then construct a new long structure before entering a new long trade.☕️ ⚠️Note that if we break below the bulls' defensive level, then we are likely to enter a deeper correction.📉 Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:BTCUSDT.P
Long
by wolf_king888
1
Bitcoin's Post-Halving Surge: Is the Bull Run Here to Stay?Hi Realistic Traders, let's take a look into the technical analysis of BINANCE:BTCUSDT after halving! Bitcoin has consistently held above its bullish trendline, rebounding from it three times. Recently, it has moved above the EMA90 line again, suggesting the trend could continue. A closer look at the price action shows Bitcoin breaking out of a falling wedge pattern with a bullish Marubozu candlestick. The MACD momentum indicator has shifted from the negative to the positive zone. All these technical factors support the potential for upward movement toward our first target at 79,173 or the second target at 71,415. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
2
Bitcoin Analysis(More fall)After Mt. Gox moved $840 million in Bitcoin to a new wallet , Bitcoin started to fall. Bitcoin has managed to break the lower line of the ascending channel . According to the theory of Elliott waves , it seems that the next corrective waves have started . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10