Get started

Xbt

BTC - Price is still retesting#BTC/USDT #Analysis Description --------------------------------------------------------------- + It's fascinating to observe that this retest remains in progress, consistently holding up as a support level over an extended period. This resilience suggests a strong underlying foundation, even as market conditions fluctuate. + As the downtrend continues to unfold, it indicates that future retest attempts may push to even lower price levels while still maintaining their effectiveness. This pattern underscores the importance of carefully monitoring these price movements, as they could provide valuable insights into market behavior. + The key element to focus on here is the continuation of the trend. For Bitcoin to reverse this downtrend, it must demonstrate robust buy-side volume during these retests. A strong influx of buying interest at these critical junctures could signal a potential shift in market sentiment, paving the way for a possible upward momentum. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Bitcoin Cup and Handle Pattern - Last Leg BINANCE:BTCUSDT (1W CHART) Technical Analysis Update Bitcoin has recently formed a well-defined cup and handle pattern, with the price currently in the final stage of the handle. A recent market dip, fueled by recession fears, briefly pushed Bitcoin's price below $50,000. However, it quickly rebounded and is now trading at around $59,000. If this reversal trend continues, we could see Bitcoin's price reach the resistance level of $65,000 to $67,000, marking the top of the handle. A breakout from this resistance zone would confirm the continuation of the bull run. The upcoming weeks will be critical in determining whether the bull run will persist or if a bear market is on the horizon. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
BITSTAMP:BTCUSDLong
by GreenCryptoTrades
Bitcoin (BTC) - Comparing 2020 vs 2024#BTC/USDT #Analysis Description --------------------------------------------------------------- + After the Bitcoin halving, the expected price correction began in late 2019 and continued through the first quarter of 2020. + In 2020, BTC was anticipated to break out from resistance after 35 weeks of correction. However, due to the unexpected COVID-19 black swan event, the price experienced an even further decline. + Currently, we are observing a similar pattern following the 2024 Bitcoin halving. The price correction began as expected, and last week, there was an additional 33% drop from the peak (compared to a 53% drop in 2020). + If the recovery follows a normal pattern, the price is expected to break out from resistance after 35 weeks of correction, which would occur in November 2024. + If another black swan event were to occur, the price could potentially crash further, dropping to the 37K-40K range. However, this is unlikely unless such an event happens. + Let’s see how this situation unfolds. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTO:BTCUSDLong
by VectorAlgo
Bitcoin - Weekly chart Update - Bears will lose#BTC/USDT #Analysis Description --------------------------------------------------------------- + Bitcoin has bounced back with a 15% recovery from the recent market low, a positive sign indicating resilience. The price is currently holding above a critical support level, which is crucial for maintaining bullish momentum. + While the price is trading above support, a major drop below this level would be concerning for Bitcoin’s long-term outlook. The next significant support is at $45K, a crucial trend line. A break below $45K could signal the onset of a bear market. + Despite the recent recovery, August and September are expected to be challenging months for Bitcoin. The market is likely to range with multiple spikes and drops, potentially leading to liquidations for both bulls and bears. This period of volatility requires careful risk management. + I remain optimistic that Bitcoin will hold above the $50K level, with a gradual recovery likely from this area. Maintaining support above $50K is essential for avoiding a deeper downturn and sustaining the long-term bullish trend. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTO:BTCUSD
by VectorAlgo
Bitcoin - Reversal is imminent - CME Future Gaps#BTC/USDT #Analysis Description --------------------------------------------------------------- + It's unusual to see consecutive unfilled CME futures gaps, but recent market volatility has created just that scenario. Historically, CME gaps tend to be filled sooner or later, and current market conditions suggest that prices may be heading directly towards these gaps. + The appearance of two consecutive unfilled gaps is a rare occurrence. Given the strong historical tendency for these gaps to be filled, it’s likely that the market will attempt to revisit these levels. + The recent bounce from support has been robust, indicating strong upward momentum. This move bolsters confidence that the gaps will be filled in the coming weeks, especially as traders and investors often target these areas. + With the current price action showing strength after the bounce, it seems increasingly probable that the price is headed towards the gaps. If this momentum continues, we could see these gaps filled relatively soon. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 57000 Stop Loss: 50000 ------------------------------ Target 1: 59900 Target 2: 61000 Target 3: 65000 Target 4: 70000 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CME:BTC1!Long
by VectorAlgo
What's next for bitcoin ?Crypto market had one of the worst days in the history with sudden market crash. From the peak market had crashed 29%, this is the major correction since the halving. This market crash fuelled by the recession fears. 47-48K range acted as a support during this crash and it held strong, looking the current bounce back, i'm assuming this support will hold, if the this support breaks then next target for bitcoin is at the support level around 37-39K. current recovery of the market is showing a strong upward momentum and looking similar to COVID Crash. August and September month is gonna be difficult month for crypto holders, we can expect continued consolidation and and drop while holding 48K range. If the we have a bull run as everyone expecting then it's gonna be starting around October. Let's see how it plays out. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Bitcoin update 29.07.24After several weeks of correction. No one doubts Trump's victory in the next US presidential election, so we see a positive trend in the market. The fact that Trump is positive about cryptocurrencies and his proposal to appoint Larry Fink (head of BlackRock) to the post of US Treasury Secretary, of course, causes a big stir in the sphere, as I wrote in previous posts about RWA Larry Fink () has taken tokenization and this sphere into his hands and if he becomes in this post then, the US license for RWA blockchain will be with a company with people from BlackRock I do not doubt that I will say more if he is not even in an office as Treasury Secretary, the blockchain with US license will still be with a company from BlackRock. About bitcoin. We are now near the upper level and ATH of Bitcoin. With the news of unlocking a large amount of BTC from MTGox, many people started shorting with stop losses above ATH. So stop losses will be liquidated, liquidity will be reached (red box), and soon, we will see a new top. We still have a bull market, and according to my forecasts below, it will continue until September 2025. () The cryptocurrency market is a market of expectations, and the number one expectation is President Trump. Buy-on rumors and sell-on facts are the only things that can be said with certainty, and early November may already be a fact and a minor correction. Although the last time Trump was elected, the market reacted with a strong upward rally. Best regards EXCAVO
Long
by EXCAVO
20
What's next for BTC ? Two ScenariosScenario 1: If the current bearish correction ends at this support zone, the price will hold here. Further consolidation will occur for a couple of hours, followed by a slow bounce back. We might see minor resistance during this reversal, with the next target around 69K. Scenario 2: If the current support zone fails to hold, the next support is around the 63K zone. This is a stronger support compared to the current one and is likely to hold as the overall sentiment is bullish. We can expect the price to consolidate around this zone, then bounce back and consolidate around the 65K resistance, and finally hit the target of 69K. Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
BTC - Navigating the Recent Decline and Key Technical IndicatorsDear Traders, today I want to provide you with a trading analysis of Bitcoin's recent decline from $70,000 to $66,000, we will utilize several technical analysis tools, including Fibonacci retracement levels, Bollinger Bands, Ichimoku Cloud, Exponential Moving Averages (EMAs), and other moving averages. This analysis will explore key price movements, support and resistance levels, and potential future trends. 1. Fibonacci Retracement Analysis Fibonacci retracement levels are commonly used to identify potential support and resistance levels based on the key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%). In this scenario: - Retracement Levels: - From the high of $70,000 to the low of $66,000, key Fibonacci levels are: - 23.6% retracement: Approximately $66,950 - 38.2% retracement: Approximately $67,520 - 50% retracement: Approximately $68,000 - 61.8% retracement: Approximately $68,480 - 78.6% retracement: Approximately $69,090 The recent decline saw Bitcoin retracing to the 61.8% level, suggesting a strong support area. A failure to maintain this level could indicate further downside potential. 2. Bollinger Bands Analysis Bollinger Bands consist of a middle band (usually a 20-period SMA) and two outer bands set at a standard deviation away from the middle band. They help identify volatility and potential overbought or oversold conditions. - Observations: - As Bitcoin declined, it approached the lower Bollinger Band, suggesting a potential oversold condition. - A rebound from this level might indicate a short-term relief rally, while a close below could signal continued bearish momentum. 3. Ichimoku Cloud Analysis The Ichimoku Cloud, or Ichimoku Kinko Hyo, provides insight into trend direction, momentum, and support/resistance levels. - Components: - Tenkan-sen (Conversion Line): A shorter-term moving average, usually set at 9 periods. - Kijun-sen (Base Line): A longer-term moving average, typically 26 periods. - Senkou Span A & B (Leading Span A & B): Form the cloud, representing potential support/resistance. - Current Status: - Bitcoin's price fell below the Ichimoku Cloud, suggesting a bearish trend. - The Tenkan-sen and Kijun-sen have made a bearish crossover, indicating potential continued downside. - The Senkou Span A has crossed below Senkou Span B, reinforcing the bearish sentiment. 4. Exponential Moving Averages (EMAs) and Other Moving Averages EMAs give more weight to recent prices, making them responsive to new information. Key EMAs to watch include the 21-day, 50-day, and 200-day. - EMA Observations: - 21-day EMA: Has turned downwards, signaling short-term bearishness. - 50-day EMA: Positioned above the current price, acting as resistance. A failure to reclaim this level could confirm the bearish trend. - 200-day EMA: Often considered a long-term trend indicator. Currently below the 200-day EMA suggests a longer-term bearish outlook. - Other Moving Averages: - The 100-day SMA is also crucial, currently providing a near-term resistance level. A breakdown below this moving average may lead to increased selling pressure. 5. Momentum Indicators Additional indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) can provide further insights: - RSI: Nearing oversold levels, indicating that a short-term reversal could be on the horizon. - MACD: The MACD line has crossed below the signal line, suggesting bearish momentum. Conclusion and Future Outlook The technical analysis indicates that Bitcoin is currently in a bearish phase, as evidenced by the price's position relative to key moving averages, the Ichimoku Cloud, and other indicators. The 61.8% Fibonacci retracement level around $68,480 serves as a crucial resistance point. A sustained move above this level, along with reclaiming the 50-day EMA, could signal a potential recovery. Conversely, continued weakness below the 200-day EMA and the lower Bollinger Band suggests further downside risk, with potential support around the $66,000 mark. Traders should closely monitor these levels and indicators for signs of either a reversal or continuation of the current trend.
BITSTAMP:BTCUSDLong
by BTC-Blockchain
Bitcoin correction scenarioAs I promised in the previous post, I am doing a more detailed analysis and positive variant and completion of the correction. Having selected a lot of fractals, about 20% of the low after the previous high made a deep correction (more than 50%) and these movements were impulsive with a quick return. In our case it will be a break of the channel support line and it will be logical to reach the liquidity zones (which are marked with a green box). We can see on the chart 100k I am actually still skeptical about these numbers and now it is still hard to believe that in this bullish move we will see it, but this is a cryptocurrency and here the best and worst scenarios can happen. That's why we need to be more careful - less leverage or no leverage, risk management, patience, reserch. Lastly, a market like this will not always be like this, and now until September 2025 with full immersion and maximum concentration you can make a good result. That's why I propose to do it together. Best regards EXCAVO
BINANCE:BTCUSDLong
by EXCAVO
32
Bitcoin - A Long Term Analysis - Cup and Handle PatternBitcoin has formed a promising cup and handle pattern on the weekly chart. Currently, the price is trading within the handle and appears poised for a breakout. A confirmed breakout from the handle could propel Bitcoin's price above $100K. The handle formed during the correction period following the Bitcoin halving, which was anticipated. Fundamentally, a bull run is expected during the last quarter of 2024 and the first quarter of 2025, which suggests a natural price increase. Breaking the previous all-time high around FWB:73K would further drive the price upward, with my target for this bull run set at $140K. For a safer trade, consider entering after a breakout above $73K. For those seeking an early entry, you can buy at the current price and hold until the peak of the bull run. Stay tuned for more updates. Cheers, GreenCrypto
Long
by GreenCryptoTrades
Bitcoin - Next Resistance is Previous ATHAfter price has consolidated around the 200 EMA range price has bounced back from the 200 EMA. Also price has broken local resistance around 65K which was crucial to for the bullish trend to continue. Currently price is around 67K and heading towards the resistance which is around the previous ATH 73K (overall resistance zone is around 70-73K range) I'm expecting price to easily breach the 75K barriers and we have decent trade opportunity here. We can enter a long trade at the current price with local support of 65K as the SL Entry Price: 67K Stoploss: 64K Target 1: 68K Target 2: 69K Target 3: 70K Target 4: 72K Don't forget to keep stoploss. Cheers! GreenCrypto
Long
by GreenCryptoTrades
3
#BTCUSDT #1h (ByBit) Descending trendline breakoutBitcoin seems to have found bottom and is forming a local uptrend, looks good for bullish continuation after regaining 100EMA support. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (13.0X) Amount: 4.9% Current Price: 57720.9 Entry Targets: 1) 57411.4 Take-Profit Targets: 1) 60987.5 Stop Targets: 1) 55618.9 Published By: @Zblaba CRYPTOCAP:BTC BYBIT:BTCUSDT #1h #Bitcoin #PoW bitcoin.org Risk/Reward= 1:2.0 Expected Profit= +81.0% Possible Loss= -40.6% Estimated Gaintime= 2-3 days
Long
by TradingOn
2
#BTCUSDT #4h (ByBit) Falling broadening wedge breakout & retestBitcoin regained 50MA support and is pulling back to it, seems ready to pump towards 200MA resistance after. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (12.0X) Amount: 5.1% Current Price: 62917.6 Entry Targets: 1) 61920.3 Take-Profit Targets: 1) 65955.6 Stop Targets: 1) 59897.6 Published By: @Zblaba CRYPTOCAP:BTC BYBIT:BTCUSDT.P #Bitcoin #PoW bitcoin.org Risk/Reward= 1:2.0 Expected Profit= +78.2% Possible Loss= -39.2% Estimated Gaintime= 1 week
Long
by TradingOn
1
BTC dominance is about to be rejected from the cycle topBTC Price Perspective: As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen. In the first cycle, BTC dominance was at its peak around 96%. Following this, it experienced a significant crash to 35% in 2017. Interestingly, it was during this period that BTC hit its all-time high price for that specific cycle. In the subsequent cycle, a similar pattern was observed. The peak dominance for BTC was around 73%, and this was followed by a sharp fall back to 38% in 2021. This was the period when BTC reached a new all-time high. ALT Coin Perspective: Given these patterns and the cyclical nature of the crypto market, we expect to see a similar trend in this current cycle as well. We predict that BTC dominance will touch around 58%, before crashing back to the 40% range in 2025. Furthermore, based on these projections and market analysis, we anticipate that BTC will hit a new all-time high in 2025. This is indeed positive news for altcoins. Historical data shows that whenever BTC dominance takes a hit, the alt season comes into play. Therefore, with the 2025 bull run's alt season yet to start, we believe this presents a favorable opportunity to invest in altcoins. Invest in ALTs now and HODL We encourage you to follow our TradingView account for more such insightful technical analysis updates. Feel free to like our posts, share them with your network, and give us your thoughts in the comments section. Cheers, GreenCrypto
CRYPTOCAP:BTC.DLong
by GreenCryptoTrades
17
BTC/Bitcoin - 62K Before 72K ? Ascending Triangle PatternIt seems that BTC is forming an ascending triangle pattern. The price is currently moving towards the support zone, around 62K. If this support remains intact, we can anticipate the next target for the price to be in the 71K to 72K zone. Considering the expected bull market after the recent bitcoin halving, it's highly probable that the support will hold, causing the price to rebound from the support zone. If the support from the ascending triangle breaks, we could see the bitcoin price drop to the 60K zone. We'll see how this develops. Stay tuned for more updates. Follow our TradingView account for more technical analysis updates. Don't forget to like, share, and comment on your thoughts. Best, GreenCrypto
Long
by GreenCryptoTrades
BTC - Scenario 1 or Scenario 2 or Worst Case ?#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is currently trading around the support zone, and the support is holding strong. According to Scenario 1, I expect the price to bounce back from this support zone. + Scenario 2: If BTC loses this support, the next support is around 60K. If BTC reaches this support line, there is a chance of a price bounce back, but it will weaken the overall BTC trend. + Worst Case: If BTC drops below 60K, the worst-case support level is at 56K. We can expect the price to hit this support zone and potentially bounce back from it. + Let's see which scenario plays out. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 66128 Stop Loss: 63500 ------------------------------ Target 1: 67500 Target 2: 69500 Target 3: 71000 Target 4: 73000 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo