Bitcoin Trading trading cycleThis is very long term view and still very much in play. According to the chart we still have 50 more days for the bear to drag price down with potential targets towards 13k and extended zone of 12k. by wesladUpdated 7794
BTC consolidates to 20 EMABTC is slowly grinding down to the 20 EMA here, in a bullish trend the 20 is usually held. The stochastic RSI has now bottomed on the daily but is still pointing upward on the weekly from a recent bottom, this is bullish for expansion. New all time highs did not come in May, but I do think June presents an opportunity, June historically is one of BTCs best months statistically. I think we see 78-79k this month based on those stats and the upholding bullishness. Buyers have been stepping in at these levels. A flush back to 66k flat would align perfectly with the 50 EMA and the bases and tops of the candles I marked with the red ray. Longby Apollo_CB112
BIG SHORT ON BTC!!!!!!!!!!A hidden bearish divergence is printing on the daily btc chart which means a trend (bear) is likely to continueShortby YassCapUpdated 4412
Bubble AI Nvidia.Stock ATH... Warning.. Be careful. I'm out of the market and i'm waiting now under the sun and with coktail. by YuyuCoyotte110
BTCUSD - Topping out around 66k?BTC is yet to fully correct, at least on the weekly. In my eyes, these huge candles up are unsustainable without significant greed. Significant greed cannot continue indefinitely without returning to the mean (neutrality), and likely, significant fear. There are a few factors I believe will influence a correction: Greed across the traditional and crypto markets. See CNN's sentiment analysis and alternative.me's fear and greed index. Only 5% of institutional financial managers are planning to hold BTC in 2021 (volatility being cited as the main reason), implying the feverishness of 'mass adoption' is overstated and overhyped. Bitcoin is back in mainstream media. The more exposure it gets, the more FOMO and greed kick in, the more new investors pile in, the more people ready to buy right at the top and add selling pressure on the way down. Big green (or red) candles, while difficult to gauge the top, often result in big moves back down. Similarly, an almost vertical acceleration implies a significant deviation from its mean (anecdotally, the further and quicker something deviates away from its mean, the quicker it comes back). Currently, BTC's yearly EMA is almost exactly the previous ATH of $20k. Simply, a correction is due. It's gone up but hasn't come down much. So, knowing that a correction is due at some point, we can then try and forecast the top. While looking for similarities between the last ATH and this current rally, I noticed there was a period of consolidation, followed by a higher low that wicked down (marked on the chart). Using these points as anchors, the next anchors are the ATH and the last high at $42k. While the intraday levels of these fibs fit nicely, there are 2 extensions that caught my eye on the weekly that fit almost perfectly. The 1.618 level on the recent fib (grey) and the 3.618 level of the ATH fib (red) both sit around $66.1k and $66.3k respectively. Seeing how well the other levels line up through previous price action gives me confidence these are valid levels. I'll give coordinates at the end of this post so you can see what I mean. I've also included a 3-factor BB on the chart for confluence. While the weekly close tomorrow will change the upper band, its near-vertical ascent will likely eventually be punctured by price. As denoted by the red circles, a reversal has occurred every time a swing has formed there. Moreover, for an asset to exceed 3 times its weekly standard deviation should ring alarm bells in anyone's ears. Okay, so we know where the top might be. How can we make a trade based on this? I'll start with where I think it might end up. If we use $66k as our first anchor and the bottom of the last consolidation at about $3.1k, then the 0.618 level (blue line) lines up perfectly with the most recent fib's 0.618 level on the way up. This falls at $27.5k, or rather, a contraction of 61.8%. The tricky part is stop loss placement. I'm going to say that a technically invalid level would be past the 3.764 level of the ATH fib at $70k. Anything between $71-72k would likely invalidate this idea. In summary: Entry: $65k Stop: $71-72k TP: $27.5k, $31k if conservative, $42k if ultra conservative Let me know what you think and give me a follow for more. Happy trading! COORDINATES: ATH fib = (1) 1830.00, (2) 19666.00 Current fib = (1) 3122.28, (2) 42000.00 TP fib = (1) 66026.19, (2) 3122.28Shortby pasojovUpdated 6625
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 ParabolicP224
Bitcoin- rise to at least 85kBitcoin's price action has been pretty boring in recent days. In fact, for the past three months, BTC/USD has been stuck in a range. However, as I mentioned in my previous analysis, bulls have held very well above the important 67k support level. At the time of writing, the price is 71k, once more facing the established resistance. A break of this level is expected, and a rise of at least 20% should follow afterward. I remain bullish as long as the price stays above 67k.Longby Mihai_Iacob11
BTC: 7955 | Oct. 19, 2019 Sat - May 2020 Planthe float is diminishing while stabilizing coins make it cheaper to acquire BTC relative to mining the road to 100k ++ should be organic post the HALVING when institutions make a SHOUT OUT above 10k levels again by senyorUpdated 131347
Be on the lookout possibilities 5 min double top; yellow horizontal 1% and 1.5% ratio has been completed. White horizontal 2.30% might get filled. Three smart money bullish trendlines means uptrend. One of the top green trendlines reads $70,400 when setting it to volume chart. When using Heiken Ashi reads different price. Double top Heiken Ashi reads almost the same at $70,400 with smart money trendline when switching chart to volume. Newest most updated trendline smart money created is at the bottom at $69,890. We’ve seen in the past what’s happened. Smart money utilizes them as guidance for themselves. We also see 3 double top as another possible scenario by completing its course before the next move. 3 double top reads to tao one of the bottom target prices. Longby The_ForexX_MindsetUpdated 13
BTC will rebound upwardsYesterday, the price fell after rising to around 71760, and did not continue to set a new high. Today, the price rose to around 70800 and encountered resistance, then rebounded and rose, reaching a high point around 71600. The price fell again after encountering resistance at 71600, but the price encountered a large downward resistance near 70800, and the trading volume increased sharply, indicating that there is a large resistance in the 70800-71100 range. From the daily chart, BTC is still in an upward trend. Trading suggestion: Buy when the price falls back to the 70800-71100 range, with a target of 71700-71900 The above trading suggestions are for reference only, and I will update the market analysis in my guidance group at any timeLongby q4yrf4Updated 10
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 XBTFX10
BRIEFING Week #22 : Rotation Signaling is HereHere's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil24:43by PRO_Indicators9
BTC/USD A Bearish Butterfly pattern is another type of harmonic chart pattern that signals a potential reversal in an uptrend, indicating a selling opportunity. This pattern is also defined by precise Fibonacci retracement and extension levels. Here's a detailed breakdown of the Bearish Butterfly pattern: Structure and Fibonacci Levels X-A Leg: The initial leg of the pattern. A-B Leg: Retraces 78.6% of the X-A leg. B-C Leg: Retraces 38.2% to 88.6% of the A-B leg. C-D Leg: Extends to 127.2% or 161.8% of the X-A leg.Longby B9A-88652-NisarAhmad660
Bearish reversal off swing high resistance?Bitcoin (BTC/USD) is reacting off the pivot which has been identified as a pullback resistance and could potentially reverse to the overlap support. Pivot: 71,477.74 1st Support: 68,759.92 1st Resistance: 73,069.60 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets9
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 CryptoSanders95639
BITCOIN - TIME TO BUY?$2.5 Billion In Bitcoin Withdrawn From Centralized Exchanges – A Bullish Signal? Investor confidence in the crypto market is rising, and Bitcoin is reaping the benefits. Large-scale investors are accumulating BTC despite its recent price fluctuations. In May, Bitcoin's price failed to stay above the critical $70,000 mark, even though it briefly touched this level twice in the last two weeks. However, recent on-chain data shows growing faith in Bitcoin. Is BTC Ready for a Price Rally? Prominent crypto analyst Ali Martinez highlighted a significant outflow of Bitcoin from centralized exchanges in a recent post on the X platform. This observation is based on the CryptoQuant Exchange Reserve metric, which tracks the amount of a specific cryptocurrency held in centralized exchange wallets. An increase in this metric indicates more deposits than withdrawals of Bitcoin into exchanges, whereas a decrease implies more withdrawals than deposits. Martinez reported that over 37,000 BTC, worth approximately $2.53 billion, have been withdrawn from exchanges in the past three days. This significant outflow signals a shift in sentiment and suggests that investors are increasingly opting to hold Bitcoin in self-custodial wallets for the long term. While the exact reasons for this massive outflow are unclear, the movement of funds away from exchanges points to increased investor confidence in Bitcoin's future. This shift could lead to a supply crunch, a situation where demand exceeds supply, potentially driving up Bitcoin's price. Bitcoin Price Overview As of now, Bitcoin is priced around $67,489, showing a 1.5% decline in the past 24 hours. Despite this, the ongoing reduction of BTC on exchanges might set the stage for a bullish rally, especially if the supply crunch materializes.Longby SroshMayi9
Bitcoin Will Pump 100% Over Next Few MonthsObserve the daily on log mode. Notice the two prior fractals that show the same thing happening. Massive last minute accumulation occurring as I type this. We are headed to 90k - 120k over this summer. Next leg up. Not financial advice.Longby D4NKM4CH1N3Updated 13
Update: I wasn't bearish enough on $BTC, $48-$52k coming soonTurns out after analyzing the chart again, I wasn't bearish enough on BTC. In my last idea , I thought we would move down to $57k, while I still think that's likely, I wasn't bearish enough because I think the risk is actually to GETTEX:48K -52k (which I don't think anyone is expecting, especially here). Everyone calling for $72k to break which creates a short squeeze higher, but I don't think anyone is expecting a fall below the May low... If you look at price action, it's very similar to the top that formed around May of 2021. The week that sent price from $60k back to $33k. Then we went on to form one more high in November for the final top. While I don't think the exact same thing will happen, I do think something similar is going to happen. I think we'll see price move down to the GETTEX:48K -52k support which still hasn't been retested. After that, the possibility opens up to go to the upper resistance levels. I think the move is likely to happen in the next two weeks - four weeks. Tighten stops if you're long and watch price action closely, because if the move happens, it's not going to give you a chance to get out. Alts will get slaughtered. Shortby benjihyamUpdated 8
BTCUSD The Target Is UP! BUY! My dear subscribers, My technical analysis for BTCUSD is below: The price is coiling around a solid key level - 67651. Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 69199 My Stop Loss - 66702 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 117
$70,000 continues to be an obstacle for BitcoinYesterday, Bitcoin again tested the resistance near $70,000 but failed. After soaring to $70,258, it quickly dropped below $69,000, where it currently trades. Overall, not much has changed from a technical perspective since our previous update; merely the sideways trend of a lesser degree became more apparent, with Bitcoin struggling at the $70,000 mark. As such, our focus continues to lie at this point, along with the two sloped channels shown below. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) above shows the descending channel, with its upper bound acting as an important resistance for the price. To support a bullish case in the short term, it would be ideal for Bitcoin to close above the resistance level for multiple consecutive days; the resistance’s importance grows with each retest. Illustration 1.02 The image above shows the ascending channel within the larger descending channel; its lower bound acts as a resistance. Illustration 1.03 The illustration above displays an alternative trendline on Bitcoin's (BTCUSD) daily graph, which acts as critical support for the price. Technical conditions Daily time frame = Neutral Weekly time frame = Bullish (losing momentum) Monthly time frame = Bullish Bitcoin addresses Initially, the number of Bitcoin addresses with balances exceeding 1,000 BTC increased slightly after the big slump we described on 29th May 2024. However, while this figure is still above its 28th May 2024 level, it resumed a decline in a new month, which is not a particularly positive sign. The same trend can be observed among the addresses with balances exceeding 100 BTC. 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. by TradersweeklyUpdated 7
BITCOIN (BTCUSD): Important Decision Ahead ₿ Bitcoin is currently testing a wide daily resistance cluster based on the all-time high. Because the long-term trend is bullish, there is a great chance that the market will break it and update the high. A daily candle close above the underlined structure will confirme the violation. Bullish rally may continue then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader118
Bitcoin is heading towards the moon To the best of my understanding, I think BTC is completing the fifth wave of the third wave of a five-wave rally (Wave 3 is still not complete). MACD: Buy signal Longby BTC-XLM114
#Bitcoin could hit $156,000 by May 27 2025! Here's Why!!BTC is trading at %68500 as we speak. These green boxes represent the price action after #BTC halvings. We've never seen a red year after a halving. Bitcoin halvings are significant events, here are the percentages of Bitcoin's price increase one year after each halving event to date: 1. First Halving (November 28, 2012) - Price at Halving: ~$12.35 - Price 1 Year Later: ~$1,037 - Percentage Increase: ~8,296% 2. Second Halving (July 9, 2016) - Price at Halving: ~$650 - Price 1 Year Later: ~$2,520 - Percentage Increase: ~288% 3. Third Halving (May 11, 2020) - Price at Halving: ~$8,800 - Price 1 Year Later: ~$56,000 - Percentage Increase: ~536% 4. Fourth Halving (April 19, 2024) - Price at Halving:~ $65,415 - Expected Price (1 Year Later): $115,000 - $156,000 - Percentage Increase:~ 127% at $156,000! This return is decent as compared to the previous rallies. Looking at the bigger picture is crucial if you want to see significant changes in your portfolio. If you like this content, consider bookmarking it and sharing your views in the comment section. Thank you! #BitcoinLongby CryptorphicUpdated 101083