BTC/Gold Ratio forming an inverted H&S patternWatch for the closing price penetration of the right shoulder high as an indication that Bitcoin will go on a run against Gold.Longby PeterLBrandt3320
BTCUSD Long Run target 89,000$1. Bullish Flag continuation pattern which support Bulls if Day closing end at 67,000$ and above. 2. ABCD pattern formation where exact retracement occurred at Fib 0.50 point which also support Bulls. 3. Harmonic ABCD pattern Point D expected to be completed at 89,000$ in coming days if price remain above 67,000$. 4. Fundamentally war and war like activities boost market prices. Bullish ABCD Pattern Summary. AB Leg: The initial move starts from point A (low) to point B (high). BC Leg: The price then retraces from point B to point C. This retracement typically aligns with a Fibonacci level, such as 0.618 or 0.786 of the AB leg. CD Leg: After reaching point C, the price moves in the direction of the original AB leg, extending to point D. The length of the CD leg is typically equal to the length of the AB leg. Entry Point: Traders often look to enter a long position near point D, expecting a reversal. Confirmation: Fibonacci extensions, previous support/resistance levels, and other technical indicators are used to confirm the validity of the pattern. Longby AGCL333
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 steveivan331
How I am able to take the breakout tradeBasically, you will need two key indicators. You can use the indicators that work best for you, but these are the ones that work for me. I will post the names of them in the comments below because I don't remember the names off the top of my head. I know the first one is the Order Block Finder. It's an auto indicator that I think only works in a paid TV account. The second one is an oscillator. Again, I will post the name of it in the comments below. So, this is how I take the breakout trade: I set two alerts. The first alert is set at the top of the blue Order block level. The second alert is set at the bottom of the white order block. When the price breaks through either of these order blocks, I take a look at the Oscillator. In the Oscillator, I make sure the moving line is about mid-way on the graph. In this example, price is moving down, so I see if the moving line is mid-way when the price is breaking through the range. If the moving line is mid-way this gives a higher probability that it is actually a break down and not a fake out. Usually, if it is a fake out, the moving line will be a the far extremes of the graph. Therefore, I want it to be at the mid-way point when it is breaking out of the range. The blue arrows indicate the location/timing where I placed the trade. I hope this helps someone. God bless by handyrams8556
BITCOIN is going to 'attack' $150k next. Confirmed!Bitcoin (BTCUSD) is starting the next rally phase after the pre and post-Halving 2-month consolidation, a development that is consistent with both of its previous Cycles. In fact, if traded around and above the Mayer Multiple Band (MMB) of 1 Standard Deviation (SD) above (gray trend-line), which is the exact same consolidation phase it had (blue ellipse) after every time the Bollinger Bands Width (BBW) bottomed (blue trend-line). The astonishing symmetry among BTC's Cycles is evident also when using the Vortex Indicator (VI)- and the CCI both on the 2M time-frame. As you can see, every timr the VI- topped was when the CCI made hits 1st Higher Low following its own bottom. The distance between that point in time (vertical orange line) and the bottom of the BBW (vertical green line) has been around 180 days on each of the past 3 Cycles. On the last two, Bitcoin topped within 560 - 595 days from the vertical orange line. As a result, we can expect the price to top by the week of March 17 2025 the earliest. The most important part perhaps is that after each consolidation after the BBW bottom (blue ellipse), Bitcoin's immediate target was the MMB 3SD, which is the orange trend-line. That is currently at $125k but by the time the rally reaches it, it could be closer to $150k. But what do you think? Do you feel that BTC is about to 'attack' $150k as its next target? 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 TradingShot50
BITCOIN Inverse H&S in full motion. Next stop = $100k.We have been expecting the Inverse Head and Shoulders (IH&S) to break-out above the Lower Highs trend-line since May 06 (see chart below) and Bitcoin (BTCUSD) dully delivered: In fact, what we will do on this idea is simply update the Bullish Megaphone of May 02 and chart it inside a more fitting Channel Up: The previous two IH&S bottom formations delivered a rise of around +95%. With the 1D MACD on the same Bullish Cross that was present on both of those bottoms, we are expecting the $100000 psychological target to be reached after July, which will even be a rise below +90%. What is your take on this? 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 TradingShot8891
Bitcoin (BTC): $68K Has Been Reached!!!!Bitcoin Has reached its first point of interest, which is $68K, the price is now finding it hard to breakout from there! As we are slowly pushing there, we are waiting for some kind of weakness to kick in or a rejection to happen (even a fakeout is option here). As there is still some liquidity to be taken near the current zone, we might see a fakeout, which would act as liquidation hunting....so eyes open! Swallow TeamShortby SwallowPremiumUpdated 3311
BTCUSD A Fall Expected! SELL! My dear friends, Please, find my technical outlook for BTCUSD below: The instrument tests an important psychological level 66930 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 64056 Recommended Stop Loss - 69001 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals442
Bears need to explain that bull flag As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision). Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :) Indecision kills! What to do when you don't know what to do 1- Control Your emotions ;) 2- Nothing goes straight up (don't panic) 3- Why are you making this trade? Have a reason for every trade (buy- sell) 4- Focus on bigger patterns. one day, it will make sense to you My rational choice is: intermediate ---- > diamond bottom reversal pattern (Target = $ 73.5k) primary ---> bull flag pattern (Target = $ 86k) strong support = $ 58400 Longby BTC-XLMUpdated 7729
Bitcoin - Possible 80k Range Top Before Decline... Based on decline in percentage increases across the past 12 years or so, BTC is actually showing to be at the top of where it can go. This part is scary. 2012-2014 = around 50,000% 2015-2017 = around 10000% (one fifth of increase during previous cycle) 2018-2021 = around 2000% (one fifth of increase during previous cycle) 2022-2024 = around 375% (almost one fifth). 80k would be the top in that case if we take 400%. And this is the part where it gets trickier. BTC does not fall down but stays there within the red and green bands. But we have ETH take over BTC. Institutional money starts to shift from BTC to ETH. Just a theory. ETH goes parabolic and becomes the dominant coin. BTC retains legacy status. No trading advice, just observation.... by vindikator558
🔥BTC might be ready to target 75k: Update and multitimeframe🔥Please see previous ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Longby Yelli_tradesUpdated 668
BTC on 9 h vs 1h charts💥Hello, friends! 🩷 Bitcoin is once again hovering and teasing us with its movement. 😏You might think it's stuck just like it was a few months ago, when we anticipated a price drop, but in my view, there are some differences that I'll try to describe in this post.👇 For clarity, I divided our chart into two parts - the left side showing the 9-hour timeframe, and the right side showing the hourly timeframe. 👐On the longer timeframe - the left side - we see that the price has broken out of the triangle upwards. Many of You, seeing a fake breakout from the same triangle before, might rightfully ask,<< could this be another fakeout?>> In my opinion - no, because the price has already consolidated sufficiently above. So, we have a breakout of the triangle. 👐Now, let's move to the chart on the left - the hourly one! There we see our breakout with the price formed in more detail! We can observe impulsive movements and the formation of a short-term channel, looking at which we can expect the price to rise to the 67,500 level. Then, we may either continue forming this channel by lowering the price to 66,100 and then rising again to 67+. I think this will be the accumulation period before the moon flight:)) What do You think?😎Write Your thoughts in the comments. Also, here's my educational post on trading channels, by the way, take a look😘 👇👇👇 Thanks for Your attention💋 Always sincerely Yours, Kateryna💙💛 Longby RocketBombUpdated 2218
Stand pat!Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself. 2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1 Longby BTC-XLMUpdated 7575180
Bitcoin Wyckoff - Leaving the RangeMore and more evidence supporting the notion of accumulation rather than distribution. The latest markups have bigger green candles with good volume vs smaller red candles (or wick which suggest absorbed) and lower volume. PNF target is around the 90-100k mark before we get another one of these sideways. For now, if correct, we will see pump, retrace to test late sellers/shorters. Rinse and repeat until target. Longby SellBitcoinsUpdated 663
Bull flag on BTCBTC is forming a bull flag on the daily chart after this nice 12% pump. The projection here is 78k, with multiple ETF discussions, election year, the halving, and NVDA earnings being strong the market is generally macro bullish here. The downside move here is around 66k even but the trend remains up. The weekly stochastic RSI also just started to point upwards as well. A cool off for a few days makes sense here. I expect a break by late Monday. Longby Apollo_CB444
Bitcoin will reach 84k in the next 30 daysBitcoin successfully broke to the upside of this triangle and will most definitely hit 84k very soon.Longby HenrikDaCrypto224
BTC and what I am seeingSo far the month of May, Bitcoin has been respecting its VWAP and upper band pretty well. Looking at it two ways. Reclaiming the upper vwap band (colored in yellow) following a decent reaction from the midrange (66530.13) BTC has been in for the past few weeks/ months. Start clearing so Or rejecting off the upper band and reaching towards vwap (colored in light blue) and clearing some of those lows down to 64.5ish. Allowing for wicks to 60k in the event of liquidation cascade. Btc has retraced from a logical area we expected it to 71.3k +/-. For the bulls we want to see the vwaps respected. by RGBbob221
BTC nears all-time highsBitcoin exploded past $71,000 and, in the process, broke above the upper bound of the descending channel. This price action was accompanied by a rise in RSI, Stochastic, and MACD on the daily chart, all of which are bullish signs. However, with a recent slowdown in Bitcoin ETF inflows, it is in question how much upside potential is left before Bitcoin starts giving up some of the gains. Therefore, much attention will be paid to Bitcoin’s ability to stay above the channel’s upper bound. If Bitcoin closes above the channel for multiple consecutive days, it will bolster a bullish case in the short term. Conversely, a failure will be slightly concerning. Besides technicals, the performance of the U.S. stock market, particularly the tech sector, also remains a significant factor due to its high correlation with the cryptocurrency market. If the stock market begins forming a double top, Bitcoin will be negatively affected. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) shows a bullish breakout above the upper bound of the descending channel. Illustration 1.02 The chart illustrates the daily MACD and its successful breakout into the bullish zone. Illustration 1.03 The illustration above displays simple support and resistance levels derived from peaks and troughs. Bitcoin addresses Since our last update, the number of Bitcoin addresses with balances exceeding 1,000 BTC has continued to tick higher. The same applies to the addresses with holdings exceeding 100 BTC. These are positive signs, but the rate of increase is negligible. Technical conditions Daily time frame = Bullish Weekly time frame = Bullish 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 2210
🅱️ Bitcoin Local Resistance, Lower High Followed by Lower Low Here we are looking at the 4H timeframe, considered by many of us to be short-term. Bitcoin just produced a local lower high —I honest don't know what "local" means in this case— I am talking about now vs 22-April marked with the cap pattern on the chart. Then another lower high this time 8-April —Not sure of this one is local, national or international but still a lower high. This is a quick update. I wanted to let you know that prices are moving lower and the jump yesterday is just the classic CPI, news release market manipulation dynamics. The move up is just a SHORT-squeeze... Who are the experts? Those who mislead people or those who lead? I am surely biased as everyone else, I also have to eat but, I fight off any type of temptation (never felt any) and only share what I see. Now, tell me, what do you see? Namaste.Shortby AlanSantana202056
Bitcoin - new ATH soon. Best time to buy nowBitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a look at the previous price action. We have a false breakout below the key levels; it was a bear trap created by market makers to get as much liquidity as possible for their huge orders, as they cannot simply do so whenever they want. From the Elliott Wave perspective, there is nothing bearish at this moment. I see that the corrective pattern WXYXZ has been completed, and we are starting a brand new impulse wave to the upside. The next target is around 71k because we have his important red trendline, so make sure you are aware of it. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.Longby XanroxUpdated 4343234
Bearish May Trends on Bitcoin - A Major Correction Incoming?In the traditional cycle of Bitcoin, May has often been marked by significant bearish movements. As of the 25th, Bitcoin has intriguingly held above the opening price of the month. However, based on historical trends and current market dynamics, I anticipate a major correction is imminent that could bring Bitcoin down to reach its support levels. Keep a close watch as the month progresses.Shortby FATHX116
Bitcoin has NOT made a new ATH $BTCAdjusted for inflation, Bitcoin remains below its 2021 highs. This means that despite halving, despite the hype, despite the ETFs, Bitcoin has not made a new high in more than 3 years. This does NOT mean that BTC has topped. I still place a 75% probability that the current bull trend which started at the Nov 2022 low is only halfway done -- and that a move to $135,000 or so by Sep 2025 will occur. Can we argue that BTC is just pausing while buyers sweep up the last of the positions from weak owners -- and that an upward thrust is just around the corner? Of course this is a possibility -- all things are possible with Bitcoin. Yet, the failure of BTC to get back on track will only increase the odds I place that a more sizable correction (perhaps to $40k or so) is underway.by PeterLBrandt1117
Bitcoin: mixed tradingThe minute that traders started to call the BTC market as “boring”, BTC decided to show them some action. Price moves as seen during the previous week the market participants were waiting for some time in the past. The price of BTC finally moved from the $60K support and it was pushed toward the highest close at $67.500 in midweek. However, it encountered resistance at this level and saw some retracement, closing the week around $66.5K. The market sentiment for BTC remains long-term bullish, however, some retracements are possible during the time. This is what charts showed during the previous week. The RSI reached the level of 57, which is close to the overbought market side. It shows that there is still space for the price of BTC to move to the higher grounds, until the clear overbought market is reached. At the same time, the moving average of 50 days slowed down its divergence from its MA200 counterpart and is currently looking to start a clear convergence, which will be an indication of a potential cross in the future period. However, it should be noted that the potential for a trend reversal is on a long stick. A strong price push toward one side usually implies a potential for a short term reversal in the coming period. As per current charts, a short reversal is possible, but the price will not return to levels from two weeks before. It seems rather like a short retracement toward the $ 65K level. There is also potential for the upside in the coming period, with relatively smaller probability that $70K resistance might be tested. by XBTFX1111