two channelsAccording to the previous analysis, the roof of the bold green channel was broken and rose again with a beautiful pullback. It seems to have red resistance around 72500 to 74000 dollars ahead. The strong break of this roof can be very greatby akbarkarimzsfeh2
BTCUSD - SELL Out of Bounds Sudden Push up Into Resistance It shall Reverse These patterns play out all the time Nice quick scalp imho Shortby NZ_Shareman2
BTCUSD your choiceThis again shows you that we are at the overbought area. I don't know if the price may go to 80k first, I am not a God but what I know is many indicators confirmed it is overbought. If you wanna sell all your property and wanna risk, it is up to you. Refer to my previous posts too. I don't invest more coz I only wanna risk 15% of my cash. I already bought some of the best altcoin and stake for 365 days and 80% USDC staked for 3 months with 5% APR. So yea, if you wanna hyped buy all those YouTubers and risk your hard earn cash, it is up to you. by Skyito3
Final push before sub 50k We will see a quick pump towards 70k and a probable steep decline afterwards. Markets need some air and bitcoin needs lower prices for more demand. Shortby Flying_Dutchman_692
double double topThe patterns mentioned in the previous analysis were completed. It touched both bottoms of the yellow and orange channels (previous analysis) and started to grow. Now the red resistances in front of it are clear in the chartby akbarkarimzsfehUpdated 3
double double top ?The movement pattern of the last candles is very similar to the double top pattern. Two channels are visible: yellow and red If it comes out of the roof of any of these channels, that pattern is invalid. Leaving above the yellow channel can invalidate this whole analysis. So, for now, the possible model is the double top pattern.Shortby akbarkarimzsfehUpdated 3
BTC (Bitcoin)BTC Primed for Upsurge Towards $100,000 Target Amidst Consistent Bullish Signals Bitcoin (BTC) is poised for a significant uptrend, targeting the monumental price level of $100,000. The cryptocurrency market leader has been exhibiting strong bullish momentum, supported by a confluence of fundamental and technical factors. Currently, BTC is consolidating within its recent price range, laying the foundation for its next leg up. Technical indicators, including moving averages and Fibonacci retracement levels, suggest that the asset is well-positioned for a sustained upward trajectory. The recent correction in BTC price, while inducing short-term volatility, has provided a healthy reset for the market, paving the way for renewed buying interest. The support levels established during this consolidation phase, coupled with robust demand, underscore the resilience of BTC's bullish trend. Furthermore, BTC's price action is bolstered by favorable macroeconomic conditions, including increased institutional adoption, growing mainstream acceptance, and inflationary concerns, which have led investors to seek alternative stores of value. Key technical levels, such as the 21-day, 34-day, and 90-day exponential moving averages, continue to serve as strong support zones, reinforcing the bullish bias. Additionally, the Fibonacci extension levels project a clear path towards the $100,000 target, with interim resistance levels likely to be overcome as BTC gains momentum. While the path to $100,000 is not without challenges, including potential regulatory hurdles and market volatility, the overall outlook for BTC remains overwhelmingly positive. Long-term investors are advised to capitalize on strategic entry points within the current consolidation phase, aligning their positions with the upward trajectory towards the target price. In conclusion, Bitcoin's imminent surge towards $100,000 is supported by robust technical indicators and favorable market fundamentals. Strategic positioning and risk management will be key in navigating the volatile cryptocurrency landscape, but the potential rewards for investors who seize this opportunity are substantial.Longby Zippymauld113
Bitcoin - Weekly Forecast - 03 June 2024My weekly forecast of Bitcoin for the week of 03 June 2024. I see Bitcoin going lower to take out some liquidity and close an inefficiency (FVG) lower. That would then see us have a break in structure to the downside, so then looking for lower lows in the months ahead. There is a video that accompanies this image as well. Shortby TraderRiz2
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 31, 2024Technical Analysis and Outlook: Bitcoin gyrated in this week's trading between our major Mean Sup 67100 and the newly created Mean Res 69400. The upward movement target shows a continuous target of Bull Stage Squzee Rebound 73200, marked as Key Res 73200. The main obstacles are Mean Res 69400 and 71500, respectively. On the downside, we look at the established Mean Support at 65000 as a concrete target before a renewed upswing occurs.by TradeSelecter2
BEAR THREAT REJECTION PENDING PROCESS We were threatened by the BEARS and it’s not over yet. BULLS are responding back massively. BULLISH ENGULFING pattern in process. Longby The_ForexX_MindsetUpdated 4
BTC LONG Starting to get back into trading beacuse i need the money to lve comfrtably, even tho i havent ever made money with trading i want too now and i am going to get good at a trading and making money. Now this is a small long i saw today after not being on the charts in a long time. after analysing this monthly movment and the weekly and daily ones i saw this long. Im also Gonna wathc some videos on phsycology so ii start fressh in a way. Wish me luck !! I need to pay rent next month!!!!!Longby DaddyVini2
A break above $70k, could be more bullish than you might think.We don't have perfect conditions here, but I think with a news catalyst or some new fundamentals we could have a big break up. There are 2 bull flags that I have noted on the chart and I would expect to see some action soon. I am neutral for now... The 2nd triangle should have a break soon. Not financial advice, DYOR.by ChartProphet2
PullbackLast time was not the time. This time is the time for a pullback. We reached ATHs, time for a small breather before going wild. Unless we reach 71k.Shortby yabodoUpdated 3
BITCOIN : WHAT'S NEXT FOR THE KING OF CRYPTOS?- The market still trades above its bullish long-term trendline ; The long-term trend remains alive to this day. - Since March 2024, the market has entered a consolidation phase, trading sideways between $57K/ GETTEX:59K and $70K. Both moving averages remain bullish, as dynamic support to prices, while the RSI indicator has broken-out its bearish trendline following the sharp market's rebound over $57K. - This is seen as a bullish configuration for Bitcoin. Even if the market is still consolidating on a short-term view, the long-term bullish trend remains well-alive so far. In addition, such consolidation are normal following sharp market bullish acceleration. The current short-term bearish flag isn't seen as a reversal pattern, which doesn't threaten the long-term bullish trend. Even if another bearish leg could still take place at this stage, this configuration may be the sign of an accumulation phase before reaching new highs towards $74,250, $78,400, $84,300 and $91,815 by extension. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.Longby ActivTrades2
Btcusd My next trade on btcusd I was expecting btc to go back to the support zone so that we can have a good potential 4 a buy and price came down to de support zone but we are waiting 4 a reversal candle stick so that we can long btcusd Longby Greatvic0012
a bearish setup on btcusdbtcusd is having diffculty going above the previous high, and with clear exhustion we can probably see this pair droping overShortby REALDTFX2
202422 - a weekly price action after hour update - bitcoinbitcoin Quote from last week: bull case: Bulls need strong close above 67000 for 70000 and probably retest of ath. They tried 4 times now and failed. Market is also a wedge top on a lower time frame. Bulls have no good arguments around 67000. comment: Last weeks my line in the sand for bulls was around 67250, since market was rejected there 3 times. Bulls finally broke above it with force and bears quickly retested that price and it turned support, which gives the bulls some momentum. Market has not touched the daily 20ema for 11 days, which is very bullish. I have two paths forward Bitcoin could take imo. Either we are done with the latest small bull trend inside the bigger trading range and W5 ended at 71954 or W1 started around 61000 and the 71954 high was W3 and W5 could lead to a new ath. Answer should be given by Tuesday/Wednesday. Even if it makes a higher high, upside will probably be very limited and odds favor a continuation of the trading range. current market cycle: Small bull trend (see channel) inside bigger trading range key levels: 56000 - 74000 bull case: If bulls want another leg up for the ath, market should not drop below 68000 again. If it does, today was a lower high double top and we will trade sideways or down to break the bull channel. If bulls keep it above, their next target is the high of last week at 71954 and above the obvious ath magnet at 73805. bear case: Bears see this rally done and the two legged correction missing the second leg down, which they want to get below 68000, break outside the bull channel and test the daily ema around 67500. I expect that Tuesday will give a decisive answer on this one. Right now I think the bears are slightly less favored. short term: Neutral between 68000 - 72000. Market needs to break this range for higher or lower prices. medium-long term: Down to 40000 (could take 3-6 months). Longer term than that time frame, I don’t know. Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged chart update: Adjusted bull channel, wave series and added possible two legged correction. by priceactiontds2
BTC updateBTC - as expected - the lower edge of zone support, basically, has reached. Next - will see with charts update (after clean above zone).by sunmikee2
BTC Double TopThe charts are showing us a double top on the weekly. We've had divergence on the daily, and now we are finally breaking down. We have a weekly level at 52K and a Monthly level at 42K. This is where I would be looking to rebuy in on a bounce until we confirm we have made a base of support to build and go higher. Don't HODL, take your profits and look for the next trade! Best of luck to you all. Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before investing and making important investment decisions.- disclaimer**Shortby TruePrimeOneUpdated 229
open short possionbitcoin is currently showing some bearish sign , on 1 day chart Shortby Fatai2424Updated 1
PHASE 4 MONSTER BULL possibilities BTC must closes above FIB resistance within this 1 MO TF, if so, this next 1 MO TF CANDLESTICK will start above resistance and must stay closed above resistance. If all this happens, welcome to PHASE 4 MONSTER BULL RUN. Longby The_ForexX_MindsetUpdated 4
BITCOIN Can it reach $200k?Bitcoin (BTCUSD) is on yet another green 1M (monthly) candle and if it closes that way it will be the 8th in the last 9, a natural Bull Cycle rally. This is taking place around the former All Time High (ATH) level for the 3rd month in a row. A similar consolidation (blue circle) took place during each and every past Cycle and every time a very strong rally (green zone) started after it. Parallel to that, the 1M RSI printed a short-term pull-back. When the 1M MACD hit its Lower Highs Zone, it was time to start taking profits as the Cycle Top was priced. Based on this past Cycles model, $200k is a very plausible Target that would even be much lower than the top of the Parabolic Channel. So what do you think? Will BTC go that high during this Cycle? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot1616131
Other said Bullish.. But let me SHORT it nowBTCUSD is on the edge, it is on the upper trendline, on the fibo levels, and from EW perspective, it's on the end of wave B, get ready for wave C, to 50,000ish. Cheers! Shortby steveivan334