Btcusdtlong
BTCUSD
In the weekly timeframe, BTCUSD exhibits a bullish trend, although it's currently undergoing an Elliott correction wave (ABC), typically retracing between 50% to 61% of the previous move. Waiting for confirmation through bullish price action within this correction zone can provide a strategic entry point for buying opportunities, aligning with the overall upward momentum. This approach combines Elliott Wave Theory with price action analysis to enhance trading decisions.
Bitcoin Mega Bullish 58K InComing I see nothing between 43500-58k.
Everyone Bearish right here.
I will long the claim of 43500 targeting 57k.
The more it holds the more things turning Bullish in timeframes.
Clean Invalidation of this long idea is breaking below 41500.
So I'll definitely try a long if price comes towards 42k else I'll wait for the 43500 retest.
Clean and clear rejection from downside.
Slight upside will push it in high liquidity and massive Level.
Note: Not a Financial Advice.
Btcusd Looking Bullish Long trade Setup Btcusd Break the short time frame Resistance and already Break the main time frame Resistance.
Btcusd looking good for bullish move and must be going For New All Time high.
You can trade on btcusd in the long direction side as strong bullish move expected in the upcoming days as Well
Bitcoin Reclaimed Range Eq - Send It HigherBitcoin has just reclaimed the range eq on the hourly, signaling continuation to come shortly.
Yellow box displays the confirmed reclaim, and often these eq reclaims signal continuation in the trend.
Not saying BTC continues its push for the long term, but at least on this lower time frame it looks primed for a move upside.
Vatsik
📈Bitcoin Next Stage 70K? / 2 Scenarios ahead of Investors📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
The cryptocurrency market has entered its bullish rally, but keep in mind that Bitcoin miners are planning to sell their Bitcoin before the halving event in order to make a good profit from this price growth. Considering that the price is approaching the Fibonacci channel, the possibility of price correction in the coming weeks is very high.
Following the previous Bitcoin analysis, I closed my positions at around $50,000 and am not going to enter the trade on the current weekly candle, right now I am waiting for the next 3 days ahead.
The ATR level in period 3 shows around 8500, if the last weekly candle remains above this value, the price trend of the next week will be bullish.
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BTC: Do LEAP DAYS occur before NEW ATH's?📉Hi Traders, Investors and Speculators of Charts📈
Leap years are somewhat mysterious with many countries and cultures celebrating Leap Day as something special. But do the charts also celebrate leap days?
Just incase you didn't know, Leap years happen when we add one day to the end of February in order to align our calendar with the Earth's orbit. Once every four years, we add a 29th day onto the end of February, which is usually 28 days long, making a leap year 366 days instead of 365. The list of leap years in the first half of the 21st century is therefore 2000, 2004, 2008, 2012, 2016, 2020, 2024, 2028, 2032.
By looking at the two previous leap years recorded on BTC's charting history, we can clearly see that both Leap Days in 2016 and in 2020 was basically the start of a multi year cycle leading up to a new ATH. Now there's a reason why I put MULTI YEAR in bold.
It's important to manage expectations in terms of a timeframe for a new ATH. Even though BTC is extremely bullish right now, this does not mean we won't see corrections. Corrections are a normal and healthy part of any cycle. During corrections, money gets to rotate into alts and then we see big altseasons (which we haven't seen just yet). This tells us that there is still a large part of the bullish cycle left, and this is likely just the first impulse wave up (of three, Elliot Wave Theory).
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CryptoCheck
COINBASE:BTCUSD
btcusdtbitcoin has been gathering strength for a long time. I expect the 8-12 month target to be around 87400 USD. I mainly think that the price will remain above 22900 and cannot make a weekly close below it. Therefore, I would like to say that any correction to be experienced is an opportunity to buy. Today is an opportunity for 45 thousand and 55 thousand dollars as soon as possible and I stand behind my analysis. Closings above the general target, with the general target being $87400, will also pave the way for a new historical rally for bitcoin.
Bitcoin $60 000 - $62 000 soon💥Hello friends!♥️ Yesterday Bitcoin sharply surged and Breakout an upward channel, that was formed since last July!
This ascending channel is typically traded by breakout, which occurred! The price target for the breakout is measured by the width of the channel - I've indicated it with dashed arrows! But there's a catch! Yesterday, I posted a chart, IMHO, it's essential for you to read it and carefully consider it!
On this chart, I've overlaid the same wedge in orange as in the previous post; I believe it holds significant importance for Bitcoin's future price action!
The upper boundary of the wedge is resistance, which may not be immediately broken, and the price in that area may undergo a correction! It's crucial to monitor these levels!
I anticipate a rise to levels around 60-62 thousand, and then we need to observe further!
What do you say? What's your forecast? Share in the comments! Thank you for your attention! Always sincerely with You🫶
Your Kateryna💙💛
BTC ROAD TO 200K: Its Not Magic Just Follow The Pattern Pinky: Its too early for a rally, Perky; we need a correction...
Perky: Hold my bear, Pinky; you'll get it when I'm high.
PS: This chart is a continuation of our previous BTC chart published on May 16, 2022, with slight modifications; a link to the previous chart is below.
Chart Keys
Orange Horizontal Line|~Prox Halving Dates
Yellow Bars: Range From Halving to ATH
Pink Bars: Range From ATH to Bottom
Red Channel: Period of Accumulation
Not so much has changed in our chart since the last time, with prices taking shape as earlier expected. Currently, we've seen the price scale through the accumulation phase after hitting the lows of <$16,000 in Nov 2022.
Highlights:
1. From charts, we can see it takes bitcoin exactly 3 years from the last ATH to get back to ATH levels again, as seen in 2013–2016, 2017–2020, and 2021–2024.
2. Usually, breaking ATH signifies the start of the MARK-UP phase in the cycle movement.
3. In the past, ATH is usually broken after halving has taken place, but this time we may be seeing a price break past ATH before halving, which is a massive change and huge indication for exponential growth. These changes might be due to Bitcoin ETF effects on the macro perspective.
4. After halving, we have approx. 1 year until the new ATH, and if the trend continues the way it is right now, we may see massive upside change.
My Expectations for the Cycle:
Usually, i base my BTC price expectations on several factors;
1. Total Market Cap: In the last cycle, we saw a 3X Mkt Cap growth from the previous ATH of about MIL:1T in 2017 to $3T in 2020. If the same applies, we might see net Mkt Cap grow from $3T in the last cycle to >$9T by 2025. This is very possible, as ETFs, futures, and mass awareness are already in place.
2013-2017 Cycle: Mass Awareness Propelled by Retail Investors.
2017-2021 Cycle: Futures Market, Institutional Acceptance by Mixed Retail/Institutions.
2021–2025 Cycle: ETF, Futures, Institutions, by All Parties.
Honestly, this might turn out to be the biggest cycle rally since the 2013–2017 cycle.
All things being equal, at $9T, Mkt Cap bitcoin dominance will likely be around 40–50%, which should set it at $T3.8–4.5 and likely put the price in the range of $178k to 238k/BTC. MASSIVE!!!
2. Halving Effect: This year, the halving effect should set the mining reward at 3.125 BTC per block, which would increase the average cost of mining from the previous $19k to about $38k. Naturally, this will set the new average fair price for BTC at $40,000 and, of course, the market value at $60,000.
Based on history:
2013 Cycle: >9000% Growth from Halving Price
2017 Cycle: >3000% Growth from Halving Price
2021 Cycle: >1000% Growth from Halving Price
2025 Cycle: >300% Growth from Halving Price???
As seen above, I'm expecting a 300% growth from the halving price, which likely should be from $60k to $180k, which is a fair value and tallies with our Mkt Cap Expectations above.
This makes a lot of sense as naturally supply and demand tend to kick in with full force after halving, and considering ETF in play, the demand will be massive, coming from large institutional investors, hedge funds, asset management firms, BTC intrinsic market trading being the best performing asset of the year, and so on.
PS: Chart will be updated after halving in April
Honestly, this might turn out to be the biggest cycle rally since the 2013–2017 cycle.
Disclaimer: This chart analysis is purely done with price action, personal observation, thoughts, and halving cycles; it does not take into consideration any fundamentals and should only be used for educational/entertainment purposes, not to be construed as a form of financial advice
Bullish Sign For Bitcoin!Bitcoin technical analysis update (Weekly Chart)
Bitcoin's weekly RSI falling from the last 2 years, In December 2020 weekly RSI touched 95 overbought levels, at the time BTC was trading at $42000 after that RSI started falling.
In the above chart, you can see Bitcoin 2 year-long Weekly RSI breakout above its trend resistance line, this is a good bullish sign for bitcoin.
Thanks
Hexa
Pi Cycle Indicates The Bottom of BTCThe Pi Cycle just triggered the Bitcoin bottom.
This is the 3rd time in the history of the bitcoin Pi cycle has shown the bottom signal, this indicator accurately predicted the Bitcoin bottom in 2015 and 2018.
if this indicator works for the third time then we are at the bottom of the bitcoin bear cycle.
Thanks
Hexa
Bitcoin 📢 NO MORE DUMPS... but NO PARABOLA either📉Hi Traders, Investors and Speculators of Charts📈
More and more institutional buyers have recently admitted to investing in BTC, as we see Grayscale and BlackRock (to name a few) all invest massive amounts into this digital currency.
This could mean a few things for this bullish cycle, including:
📢 More reach (more retail investors)
📢 Higher market cap (more wallets being created)
📢 Less volatility than previous cycles (institutional trading and holding)
📢 More reach (more retail investors)
Recent news headlines have made almost anyone with a access to the internet aware of Bitcoin, if they haven't heard before. BTC promises great returns and is generally more stable than altcoins, making it a great start for newcomers who may want to try their luck with cryptocurrencies.
📢 Higher market cap (more wallets being created)
The market capitalization increases as more liquidity (cash) is invested into BTC. As more and more institutions are buying and more and more people are buying, new wallets are being created at and more money is converted to Bitcoin.
📢 Less volatility than previous cycles (institutional trading and holding)
Usually when large institutions enter the market, the volatility reduces. We see this clearly with most-traded commodities such as gold and silver. It becomes a safe haven for investors as they see brokers and other institutions give the nod of approval to Bitcoin.
These are a few reasons as to why I'm not expecting a parabolic increase towards a new ATH, and neither a correction bigger than 30%.
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CryptoCheck
BINANCE:BTCUSDT
BUY MORE BITCOIN !!!HELLO TRADERS
BTCUSD is trading above the 50K$ which is sign just the continuation of the new bull run in the Crypto World Technology is going to change the World Ecosystem we are buying #BTC from since it was break 22K$ Zone and looking for new higher high in this year Friends this week FOMC meeting can create volatility in the markets so always try to get lower low entry for a new bull run its just starting BTC will hit 60k$ incoming days Friends its just an trade idea share your thoughts with we appreciate Ur love and support
STAY TUNED
for more updates
Bitcoin Analysis Across Multiple Time Frames!#BITCOIN WEEKLY TF UPDATE LET'S MAKE IT SIMPLE
"Bitcoin ended the week above $52,000 and is now heading towards a resistance area around that price. Even though there's some resistance there, the overall trend is still bullish. We might see a pullback in this zone, but if we get another weekly close above $52,000, it could mean Bitcoin has the momentum to push towards $60,000."
So keep an eye on weekly closing
Stay tuned; I will keep updating
#DYOR #NFA CRYPTOCAP:BTC BITSTAMP:BTCUSD BINANCE:BTCUSDT
Adequate no BS BTCUSD analysis, no random pullbacks to 10k :)Now almost every second or third analysis will show you a huge red arrow pointing to random areas to the downside.
Let's see what other options we have for BTCUSD.
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#Bitcoin: Is making rising wedge pattern!In the daily timeframe, BITSTAMP:BTCUSD is currently exhibiting a rising wedge pattern If it goes as per the pattern, then technically, we can see a drop up to 35k.
50MA is working as a strong support level, with 42k and 40k as support.
For Bitcoin to become bullish in the long term, it needs to close a daily candle above the 44k resistance level.
There will likely be a period of consolidation within the designated zones until a definitive breakout or breakdown occurs.
LET'S MAKE IT SIMPLE
It is crucial to pay attention to the daily candle closings. A bullish scenario may be considered if there is a breakout and a close above the $44k resistance level. On the other hand, a breakdown below FWB:42K in the daily timeframe will confirm a bearish pattern.
#DYOR #NFA