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Price-action-bitcoin

Bitcoin, What's Next After "Almost" Hit ATH?After significant rally, Bitcoin price action recently approached its all-time high (ATH), signaling significant bullish sentiment. However, the price is now showing signs of potential retracement. Currently trading around the 72k USDT level, the price could either dip into a fair value gap (FVG) or descend further into the highlighted green box, where a trendline provides support. This retracement would allow for consolidation and might attract new buyers, offering a more solid base for the next upward push. As the price potentially reaches the green box or bounces off the FVG, there could be an increase in bullish volume, pushing it toward resistance zones marked above. If the trend holds and the bulls regain control, Bitcoin could break through resistance, potentially pushing beyond 74,000 USDT to reach new highs. In this scenario, this temporary pullback serves as a healthy correction within an ongoing bullish trend, building momentum for the next leg up in the journey toward breaking the ATH.
by Perseusx01
2024-06-18 - a daily price action after hour update - btcGood Evening and I hope you are well. bitcoin comment: Laid out my plan in my weekly post, so check that out if anything is unclear here. Market is forming another bear wedge which could break above again for another pullback. I expect the pullback to be weaker than the one to 67000 and it could stay below 65000 if this is uber bearish. If bulls are tough, we could see 66000/66300 again. In any case, I expect this to continue downwards to at least 61000 in the near term. Decent chance we wont see 70000 for couple of years. current market cycle: Trading Range / on shorter tf it’s a weak bear trend, see channel on chart key levels: small range 63000 - 67000 / big range 56000 - 74000 bull case: Bulls trying but it’s a STR market and bears mostly staying below the 1h 20ema. Bulls want another pullback like Monday for 2000 points but they would need follow through afterwards. Bears used it to sell even more aggressively for new lows. First bull target is 65000 and then 66000. Invalidation is below 63500. bear case: Bears in full control here. Their main goal is to break below all lower bear trend lines and below 63500 for a freefall to 60000/61000. I expect bears to continue to sell every rip. That has been working for 8 days now. Invalidation is above 66000. short term: bearish and sell the rips. 61000 soon. medium-long term: down to 40000 (could take 3-6 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged current swing trade: None. trade of the day: Only good if you trade the asia session or shorted yesterday’s high. 67000 was resistance since late Thursday so shorting there was decent. Was good for 3000 points but if you were asleep or not short, second best trade was a short near the 1h ema at bar 11.
CRYPTO:BTCUSD
by priceactiontds
Potential BTCUSD Reversal and Downtrend from ResistanceAnalysis Overview: In this analysis, we observe a potential reversal pattern for BTCUSD based on the 4-hour chart. The price is approaching a significant resistance zone, indicating a possible turning point. Key Points: Swing High & Lower High: BTCUSD has formed a recent swing high followed by a lower high, suggesting weakening bullish momentum. Resistance Zone: The price is nearing a critical resistance area marked by the PREVIOUS monthly ATH and the 4-hour FVG. Bearish Order Block: The red zone indicates a bearish order block, which could act as a strong resistance. Possible Scenarios: Rejection and Downtrend: If BTCUSD gets rejected at the resistance zone, we could see a decline towards the swing low and potentially further down. Break and Continuation: Conversely, a break above the resistance could invalidate the bearish outlook and suggest further bullish movement. Trade Idea: Short Entry: Around 70,000 USDT. Target: Initial target at 55,000 USDT. Stop Loss: Above the resistance at 72,000 USDT. Conclusion: This analysis highlights a potential short trade opportunity based on the identified resistance zone and bearish order block. The targets and stop loss levels are clearly stated to manage risk effectively. Please ensure to conduct your own research and consider the market conditions before taking any trade.
Short
by stavkog
Short term Bitcoin analysis 09/10/21Hi again, today I´ll will write about the previous and possible futures events and whats my expectations are on btc movements. First of all, we did not have a break out, but we are surpassing the lines by bouncing in the 45100 level wich is a structural support, we also find resistances in the 4th line, that once we pass that 4th line I expect an event, possibly bullish but that depends on the momentum of the break. If the support line is tested several times, i would expect going to 43800 - 44400 levels, but in my opinion the chart it´s forming a double bottom that will give us the 48-49 k, and after that I keep expecting the 45100 or the 42000 range.
BITSTAMP:BTCUSD
by Lukitein93
BTCUSD Trading ideaAt this moment to know the direction of the cryptocurrency bitcoin is unknown but as far as i know, if btc price is going to drop for a retracement, first they have to shoot up as high as possible after wiping off the retailers and the intuitional would be cashing out when all the early buyers enter the market. so selling at this point is very very risky and also buying it now is the most stupidest thing to do as the margin of safety is super low . at this moment the best thing to do is just wait for btc to give a very good bargain price to enter in the market. wait for the super spike up and then it will slowly drop when others will be buying massively. . do not be a sheep following the price and when its too high and start dropping then you will be the troll buying at the highest price.
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by Haarshy-2ndlevelhunter
2
The possibility of something is cooking in Bitcoin kitchen...!All the major resistance and support plotted on the chart. The price breaking out any of these R 9083 and R 8398 will give us new direction of trend . The excess/penetration has been seen out side of parallel channel/value area. The price can be dump and damp between Upper Bound: Parallel Channel and Lower Bound: Parallel Channel. Traders can trade both either buy at pepper bound or sell at lower bound until breakout the channel with confirmation. Let take a closest look with different angles: Very Low Volume Narrow range in price with series of almost no body of candle. price rotation remarkable point: price falling with vol. volume before the price rotation. ---> You will get big move shortly with volume surged .
BITSTAMP:BTCUSD
by Jay_shree
228
"Price Action with Volume" theory on, Bitcoin!I am not going to write here in Pages. Let's move the strength topic. This is " Price Action with Volume theory ". Relation of Congestion vs. Volume examination: Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs. All the Congestion has low volume and after the breakout , we are seeing a single directional move. If we are at CONGESTION phase, we will see a surge in price after the breakout . In the current case, we have more volume compared to all other Congestion phases. If you LIKE this idea, You will get Real-Time with lower timeframe NOTIFICATION trable update.
GEMINI:BTCUSD
by Trade-Technique
245
Bitcoin Judas SwingThe Judas swing term was named by ICT, he dubbed this swing concept and utilizes it upon the London Open. The idea is, the market makers will rally or sell price, normally just above or below the Asian session high or low (depending on institutional order flow bias) tricking buyers or sellers into the market to follow its direction. As the Judas swing high or low is formed, price is quickly reversed either taking out stops and or leaving traders out of the game. Judas swings can be seen on high and low time frames, though if you are an intra day trader, once higher time frame objective levels are in place and you have your directional bias in tow, you will be looking for the Judas swing to occur on a 15 minute chart time frame. You can also see the Judas swing develop on a 1 hour chart, though the 15 minute chart will show its intension a bit more clearly, when you know what you are looking for.
BITMEX:BTCUSD.PEducation
by transitory
Bitcoin: The next stormHi guys, I hope everyone have a very happy Christmas! I'm going to do quick update about the Bitcoin ( BTC ). Yesterday, Bitcoin surged about $15700 and this is going to my favor. In the previous post, I said that the "Seller Zone A" should be a good take profit area for for those whose had entries near the trendline, above the cloud and below both Base and Conversion line. In this surge up, price step in the "Seller Zone A", We can see some signs that can drop the price again: - Price move in Seller area. ( For some reasons trader should Take profit and drop down the market ). - The candle surged nearly end stand for the end of wave B. ( I didn't think this come too soon. And now, Wave C may had begun ). - Looklike the Buyers are exhausted, the buy volume too small to push the price higher. - The fakeout spotted before, Price may not move higher. After all, we are still in an ascending trend. Even it's looklike the uptrend resume and you don't want to miss the train and me too! Please maybe i'm wrong but i don't to take this price it's so high not economical. Checking Bitcoin with others indicators: - MACD: still pointing down and histogram below 0 ( showing bearish movement ). - Stoch RSI: pointing up but same thing ( showing bearish power ). - Volume: Buyer weak Finally, I want to say if I going to trade this, i will wait until the price near or lower the Big trendline again then i take this upportunity. Once again Happy Holiday and Happy Trading all Thanks and take care. ================================================ If my posts is useful, give me yours feedbacks, please! | Likes | Follow | Comment | Support | BTC: 1QHxjnFygZS6XPhkab6fcZx7F82ZuqFeSo BCH: 1FZuQYTD3BKJpkK8iaN5rYe6yYAxt4VhzJ ETH: 0x547C3dC8bFB4d61c2791F194aB498D432E253d62 LTC: LcHf9GkUB8mkkeMDgqY3Asp91tU5b7XjAH ================================================
BITFINEX:BTCUSD
by Leaked_Timeline