next posibblity moveStochastic at oversold, the price is making sideways movement and we have higher low above EMA50. soon next move posibilty is upward after breakout from shortime downtrend. $75k next new high or $85k? Longby Malaysiancryptocommunity3
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! BITCOIN pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 58579 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals115
Bitcoin (Elliott Wave)Hello friends today In Bitcoin currency, we have a 5-wave pattern that is completed by waves 1, 2 and 3. Bitcoin is definitely completing wave 4. Wave 4 is forming in the form of a triangle pattern, which is very common in wave 4. Now the 4th wave is completing its D and E waves. Therefore, we are waiting for the completion of these microwaves, and then the price of Bitcoin will not be far from expected. The target price range is $73,000. If the price reaches below wave A (range of $66,500), our theory will be invalidated, but shadows may activate your stop loss. In case of any trade, be sure to use stop loss. To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Longby M_Gheysvandi5
May 30 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq index release tonight at 9:30. On the 28th and 29th, there was no direction. It continues to fluctuate until today. Currently, the MACD deadcross on the daily chart is being engraved. If the rebound is strong, it may be released again. In case of tether dominance, The pattern is broken, but the most important thing is the NASDAQ movement. With responsibility for analysis, Section 1 entered in yesterday's analysis post on the 29th I will make another chase purchase at $67,740. I will die with you all today as well. *Red finger movement path One-way long position strategy 1. $67,740 long position entry zone / stop loss when breaking out of the green support line 2. $69376.5 long position primary target -> Good secondary target As explained above, The stronger the rebound today, the higher the MACD deadcross mark on the daily chart. It may be released, but I judged that it could be imprinted again after tomorrow. I ignored it without operating a short position. Section 1 marked at the top is upward sloping sideways market Section 2 can come from waves. This is the final long position entry section, The double bottom near the light blue support line was ignored. The last place to be pushed is the Bottom section. A place everyone knows and waits for In the rising pattern, it is the 12 + daily range. Just in case, it is coupled with Nasdaq and moves in the early morning or downward direction. If you keep dropping, you can continue to drop out of section 3 after tomorrow. Please note that my analysis up to this point is merely for reference and use. I hope you operate safely with principled trading and stop loss required. thank youLongby BitCoinGuideUpdated 5
Interpreting a Potential Wave 5 in BTC/USDHere's how you can analyze the daily chart of BTC/USD to identify a potential wave 5 uptrend using Elliott Wave Theory: Confirmation of Uptrend: Analyze the higher timeframe charts (weekly or monthly) to confirm a dominant uptrend. Completion of Wave 4: Identify the end of the corrective wave 4. It should ideally be shallower than wave 2 and shouldn't breach the bottom of wave 2 in a strong uptrend. Wave 5 Characteristics: Look for the following signs in the daily chart that might suggest wave 5: Renewed upward momentum with increased trading volume. Price surpassing the highs of wave 3, indicating a continuation of the uptrend. Potential application of Fibonacci extensions, particularly the 1.618 extension applied to wave 3 or the entire wave 1-3 movement, to identify possible price targets for wave 5. Essential Considerations: Wave 5 can be deceptive: It might be weaker than anticipated due to profit-taking by earlier trend participants or exhaustion as the trend nears its completion. False breakouts: Sharp price increases that fail to hold and reverse can trap traders expecting wave 5. Confirmation is key: Always seek confirmation from other technical indicators like volume analysis, support/resistance levels, and trend indicators before entering a trade.Educationby ParabolicP4
Bitcoin Monthly Chart Analysis!!Hello friends. Bitcoin (BTC) has broken its previous all-time high and successfully retested it. The monthly candle closed at $67,548, indicating strong bullish momentum. Previous All-Time High: BTC breaking and retesting this level indicates strong support and a potential base for further gains. Monthly Close: The monthly close at $67,548 indicates continued buying interest and bullish sentiment in the market. Support Level: The previous all-time high now acts as a strong support level, providing a solid base for BTC’s upward move. Resistance Level: The next significant resistance levels could be around $72,000, $74,000, and $76,000. Bullish Scenario: Continued upward movement could see BTC testing and potentially breaking the next resistance levels. Continued bullishness could lead to new all-time highs being reached due to strong market sentiment and institutional interest. BTC may consolidate around current levels, gaining strength before the next significant move. Consolidation phases are common after substantial bullish momentum, causing the market to stabilize. If BTC fails to maintain its current levels, we could see a pullback to retest support around the previous all-time high. Failure to hold this support could signal a deeper correction, although this is unlikely given the current bullish momentum. The current levels provide a favorable entry point for long positions, with significant upside potential. Apply stop-loss orders below key support levels to mitigate potential downside risks. BTC’s successful retest of the previous all-time high and strong monthly close at $67,548 indicates a bullish trend. We are optimistic about BTC’s ability to continue its upward trajectory and reach new highs. Stay tuned for further updates and analysis! 🚀 What are your thoughts on this chart? Feel free to share your thoughts in the comments section. Thanks! Longby CryptoSanders95634
Bitcoin to move lower to 53K BTC to move lower to 53K as it reaches closer to ALL TIME HIGHS. Bitcoin has seen some growth for a couple of months and now need to shift lower.Shortby The90sTrader115
Bitcoin: lost upside momentum?The story about the first ETH ETF continues to shape the crypto market sentiment for the second week in a row. SEC made its initial approval, but the question still stands when they will approve the first ETF to be officially listed. In this sense, the market took a moment to reflect on this information, so the BTC trading was a bit left behind the spectrum of investors. The BTC price was moving in a relatively short range during the week, between levels of $70.489 and $66.902. The $70K resistance has been tested for one more time, but again, without a market strength to finally break it. The RSI is moving away from the overbought market side, currently osculating above the level of 50. However, without a clear push of the price toward the upside, it could be expected that the indicator will slowly start its path toward the oversold market side. Moving average of 50 days is moving as a parallel line with its MA200 counterpart. There is still no space for a potential cross in a short period of time. The charts are still mixed a bit. It is interesting that from the mid-March this year, the market could not find a strength to sustain prices above the $70K level. Sort of market exhaustion is evident on the BTC market, in which sense, some reversal might be possible in the coming period. This is not necessarily a bad thing, as a prop in price will increase its volatility and buy-the-dip buyers will for one more time push the price of the BTC to the higher grounds. At this point on short term charts, it is unclear where this price might stand. Looking at the higher frame, the level of $ 65K is marked, however, the support line at $60K stands as the end of the cycle. For the week ahead, there is lower probability for a $ 65K support line, but also low probability that $70K resistance could be breached. by XBTFX4
Smart Money Red Plots with blue support plot waveThis does not mean entry. We must wait until the buy signal confirms BULL-SHARK entry. You all know the drill. Here are the smart money red trendlines with white line volume blocks. I will wait, all possible dips. Let’s see how the whales behave. BLUE WAVE is my support wave. Shortby The_ForexX_MindsetUpdated 131341
Bitcoin finds strong resistance at $70,000Bitcoin (BTCUSD) pulled back below $67,000 in a broad market move yesterday. Interestingly, this price action coincided with the Securities Exchange Commission’s (SEC) approval of exchange applications to list spot Ether ETFs, which was recently preceded by a rally in altcoins, of which many are currently seeing profit-taking. In addition to that, it coincided with a similar weakness in the U.S. tech sector that remains highly correlated with Bitcoin and whose potential topping presents one of the biggest threats to the cryptocurrency’s spectacular performance. While Bitcoin may take out all-time highs in the near future, we are significantly less optimistic about it continuing to $90,000 or $100,000. In fact, we are starting to grow increasingly more convinced that investors will find, once again, that markets do not function as exponential growth machines. It may have seemed up until now that wealth could be made out of thin air, but historical precedents show that such optimism often leads to harsh reality checks. The exuberance in the market, fueled by speculative mania, will likely face a sobering correction as underlying economic fundamentals reassert themselves. Therefore, we deem it proper to be highly cautious in the current environment, especially as investors continue to disregard many recessionary signs that eventually lead to risk aversion. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) shows a recent rejection at the channel’s upper bound. Another retest of this resistance is not ruled out. Illustration 1.02 Movements indicated by the 20-day SMA and the 50-day SMA suggest choppy market conditions for the trend’s medium degree. Bitcoin addresses The number of Bitcoin addresses with balances exceeding 1,000 BTC has been rising over the past week or so. But the opposite has been happening to the number of Bitcoin addresses with balances exceeding 100 BTC. Technical conditions Daily time frame = Slightly bullish Weekly time frame = Bullish (losing momentum) Monthly time frame = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade. Longby TradersweeklyUpdated 12
BTC - Silence before the storm?BTC has been quite quiet lately but is it accumulating for an ATH? Let's look at the technicals. Technicals → We broke above the channel and respected the retest. However, we failed volume to confirm the trend break. Are we accumulating to go up, or we are we failing? → There is also a zone which price touched multiple times. Trade → I am conservative here for a swing trade. I like to see we a confirmed break at the 8H first resistance of around 70K$ Your trading friend, Simba Trades by Simba_Trading4
Moon is near 🚀Hello, everyone! 🩷Have we finally made it? Is Bitcoin really about to surpass all previous highs? 🙏We’ll find out very soon, and I think it’s quite possible! Fingers crossed! 🤞 Bitcoin is rapidly gaining momentum, and this is a great signal that we are on the right track! Many of you have seen my chart where I analyzed some price movement algorithms, and we are currently continuing the growth phase. For those who haven’t seen it yet, make sure to check it out by clicking on the post.👇 As for the current situation, what do we see on the chart? The price broke out of the triangle upwards and tested it, indicating an organic movement, followed by further growth. What can we expect next? We anticipate continued growth to levels of 🟢 74,000 - 78,000 in the short term, and in the medium term, 🟢 82,000 - 87,000! If You’re also interested in learning how to trade the triangle pattern, You can find a detailed description in my post below. Learn and trade smart! 👇 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛Longby RocketBomb6621
Bitcoin makes good profit. Now is just the beginning!!! UPDATE2Bitcoin is an invention designed to grow forever as long as we live. If you see the same vision, don't forget to support the analysis. I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating. It doesn't matter if the price is 70k or 50k as long as you see the big picture. The world economy is still uncertain, we are hiding in cryptocurrency. I prepared the analysis in a logical circle with altcoins!! My analyzes are 100% my own and not manipulated by other people's opinions, I don't follow anyone here. i could be wrong but this could be absolutely true. I believe my truth, MoralDiscipleLongby MoralDiscipleUpdated 8686116
BTC ShortAn order block forming after a price rally, followed by a significant sweep of liquidity and then encountering a major Choch, it could indicate that the upward momentum is weakening. Sellers may start to outnumber buyers, leading to a potential reversal in price direction.Shortby japeshAGRAWALUpdated 4
BTCUSD Daily Rising Narrowing WedgeBTC/USD on the Daily BTC is moving inside a rising wedge with a support that goes back to October of 2023. Rising wedges have a bearish bias. If the rising support fails to hold, the 50/100 SMA area will likely get a test, and possible the 200 SMA, both of which coincide with major order blocks. First order block lines up with the .236 fib retracement level. Second order block lines up with the .382 fib retracement level. I don't think this move is worth a play in either direction, so this idea is neutral. Just sharing for the sake of sharing. NFA Do your own DD by BallsOfSteel323
Follow the Pattern part2About the same volatility contractions in the same areas. Maybe candles 13 and 14 are needed but regardless, expect different volumes: up or down but will eventually make their way up. I've included volume range measurements. I hope its different volume price will reach the SWB:69K zone and then dip to follow its pattern. Longby The_ForexX_MindsetUpdated 3
2 DOUBLE TOPS at a 1% risk reward ratio Sorry traders; I accidentally left my encryption on while submitting this idea about 4 hours ago while BTC was dropping therefore no one could see it. All I did was add it to a plain chart. Below idea comment was what was said while submitting idea. Why the drop, well let’s scalp. Most recent double top is set to a 1% drop, can go to 2%. Last double top is at a 1% drop and met its course. Why 69k, because recent idea called “ FOLLOW THE PATTERN WITH BANK ENTRYS” reads to reach 69K then tiny dip. May be more or less because halving has different volume. I’m also showing reversal pending. Blue horizontal lines has a KROLL ATR measurement reader.Shortby The_ForexX_MindsetUpdated 3
BITCOIN - $150,000 OR $40,000? - 2024 - CryptoManiac101BITCOIN / USD TA 1. Price Levels and Movements: - The current price is around $67,696.56. - There is a notable high at around $68,470.80. - Fibonacci retracement levels are displayed, indicating potential support and resistance levels: - 0.236 level at around $21,782.45. - 0.382 level at around $26,761.12. - 0.5 level at around $31,684.07. - 0.618 level at around $37,486.17. - 0.786 level at around $47,664.25. 2. Future Projections: - The chart suggests potential future price targets/retracements: - 1.0 Fibonacci extension level at around $64,736.25. - 1.618 Fibonacci extension level at around $156,705.06. 3. Trend Lines and Channels: - The price is moving within upward-sloping trend channels. - There are dotted lines indicating potential future price channels. 4. Annotations and Indicators: - Green arrows indicating potential buy signals and points of interest. - A pink arrow suggesting a significant price movement. - A highlighted oval region projecting a potential bullish move. - Various potential future price paths indicated by white lines. Overall, the chart is a technical analysis of Bitcoin’s price, indicating possible future price movements based on historical data and Fibonacci retracement levels.Longby CryptoManiac1014
BITCOIN Will Go Higher From Support! Buy! Here is our detailed technical review for BITCOIN. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 67,512. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 71,784 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 114
Bitcoin Hourly: Late to the Party? Here are Possible ScenariosBitcoin is on a clear uptrend within its range. If you are late on the previous move there are still opportunities to capitalize on this uptrend. Buy the lows at 65k or the support line(s) before there is a breakout.Longby MJRaddishUpdated 4
Bitcoin On-Chain Metrics: Bullish or Bearish? Bitcoin's on-chain data provides valuable insights into the current state of the market. Coupled with recent economic indicators, we can form a comprehensive view of potential future trends. Here's an analysis of the latest on-chain metrics and economic data to help you make informed trading decisions. On-Chain Data Summary Price: $68,666.23 (+0.79% in the last 24 hours) Market Cap: $1.353 Trillion New Addresses: 11,971 (-1.53%) Active Addresses: 37,136 (-2.494%) Addresses with Non-Zero Balance: 52,642,914 (+0.132%) Addresses with Balance ≥ 1k BTC: 2,084 (+0.482%) Hash Rate: 513,863,269 TH/s (-16.52%) Miner Revenue: 416.63 BTC (-16.498%) Entity-Adjusted Volume: 126,081.46 BTC (+22.698%) Active Entities: 212,212 (+13.354%) Net Unrealized Profit/Loss (NUPL): 0.57 (+0.839%) Puell Multiple: 0.73 (-9.965%) Economic Indicators (April 2024) Personal Income: +0.3% Disposable Personal Income (DPI): +0.2% Personal Consumption Expenditures (PCE): +0.2% PCE Price Index: +0.3% Real DPI: -0.1% Short-Term Analysis (1 Week) Bullish View: The increase in exchange outflow volume and active entities suggests immediate positive sentiment and accumulation. The rise in personal income and DPI also indicates more disposable income available for investments. Confidence: 75% Bearish View: The decrease in new and active addresses indicates potential short-term hesitation among new market participants. The slight decrease in real DPI and goods consumption might also signal short-term caution. Confidence: 55% Mid-Term Analysis (1-3 Months) Bullish View: The steady rise in personal income and PCE indicates a stable economic environment, supporting sustained investment in Bitcoin. Increased disposable income can lead to more capital flowing into Bitcoin. Confidence: 80% Bearish View: The persistent decrease in real DPI suggests inflationary pressures, which could lead to economic uncertainty and affect Bitcoin negatively. Confidence: 60% Long-Term Analysis (6-12 Months) Bullish View: Positive trends in personal income and PCE support long-term economic stability, favorable for Bitcoin as a store of value. Long-term holders are likely to maintain confidence given the economic resilience. Confidence: 85% Bearish View: Continued inflationary pressures reflected by the decrease in real DPI might lead to economic adjustments, potentially impacting long-term investment behavior in Bitcoin. Confidence: 65% Conclusion The latest on-chain metrics and economic data paint a cautiously optimistic picture for Bitcoin. Short-term trends suggest positive sentiment and accumulation, while mid-term and long-term views are supported by stable economic indicators. However, inflationary pressures warrant caution. As always, it's essential to stay informed and adjust your strategies accordingly. #Bitcoin #Crypto #Trading #OnChainAnalysis #EconomicIndicatorsLongby WhaleC4T3
May 29 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. Because today is JP’s birthday, Because I am having dinner with my mother, I will upload the analysis earlier than usual. First of all, the beat is the purple finger on the left As a maintenance condition after entering a long position of $68,310 The strategy was connected as is. There is no Nasdaq indicator announcement today. Both Nasdaq and Bitcoin The MACD deadcross pressure on the daily chart is in progress. Bollinger Band 1-hour chart resistance line around 11:00 a.m. After touching the best short position A correction is taking place along with the Nasdaq. I will die together with those who were with me yesterday. *Sky blue finger movement path Two-way neutral Short -> Long switching strategy 1. Short position entry area of $69376.5 / Stop loss when the orange resistance line is broken 2. Switching long position at $67,105 / Stop loss when breaking out of the light blue support line If it deviates from the green support line at the current position Those of you who were maintaining a long position yesterday may proceed with a stop loss. If adjustments continue to be made I think it would be good to look at the light blue support line at the bottom -> Bottom section. Everyone knows and is waiting for the bottom spot. Although it is a 12+ day period, the daily chart MACD deadcross may occur depending on the situation. Please be careful as it may not be engraved. Once the daily MACD deadcross is resolved, I think we will break the previous high again, but it won't be easy. My analysis up to this point is Please simply refer to it and use it. Please operate safely with principled trading and stop loss required. thank youby BitCoinGuideUpdated 4