Price reaches 71 resistance then drops to the predicted level Price is in a range and will tend to go down to the predicted level today at around 19hShortby bestraderbro331
Rough day tradingI admit I had a rough day trading. I kept my losses at a minimum, but it's hard to fight my biases. I admit the chart looked bullish today, but it has broken key levels to the downside now. I flipped short again and I remain vigilant. Shortby handyrams8222
Prince Range Questionable I’m short selling BTC since it’s been in Chaos during this 2MO TF. Theres no way of telling where the trend will end up. It’s very volatile. My new strategy is following smart money buying and selling. For now this is best way to go for me until BTC reestablishes. I have prices in mind but my main focus is following the buys and sells from the bigger traders. Soon I’ll have my own software to detect smart money spoofing. Meantime I have my own separate smart money movements with buys and sells. GREEN RECTANGLE is BTC price range. Reads minimum FWB:65K zone. If I’m told to sell, I’ll update even if it doesn’t hit target. Once I’m able to detect spoofing, I’ll later have more information based on accurate price range. Longby The_ForexX_MindsetUpdated 8823
Maximum Pain for BitcoinersI like the 2-Day chart best for clarity. Stop everyone out at 64K, scare the wall of worry one more time and continue upwards into unknown territory. No breakouts yet as evidenced by the continued decline in volume.Longby toateotihuacan111
Simple Bitcoin analysis (Long Term) Higher no matter what?Let's keep things simple on a daily since the chart patterns seem to make the most sense here. As you can see when Bitcoin formed a double top on the daily it was all downhill from there. Now it is forming a cup and handle pattern on the daily time frame - So it will most likely just be massively up from here. Don't say I didn't warn you that the TA should be kept simple when trying to guess long-term moving averages. Pay attention to the support line I drew. BTC will never go below this line. If it does I will delete my account.Longby JasonValiceUpdated 557
One Million: An Unexpected JourneyWhy not a slow grind higher during this cycle. Legacy investors have a more regular approach and will continue to be an important catalyst during the next year. I'm fully excited to see upside in excess of 300,000 in during this epoch, but what if we grind instead of fly? #IcarusLongby suddenlightness111
Bitcoin (BTC): We Reached First Target!! (update) Bitcoin reached its first point of interest, where the price is not at $67,800 and is still pressing and showing some weakness! Bollinger Bands middle line was also broken without any struggle, so we should see some good further fall here! Swallow Team Shortby SwallowPremiumUpdated 10
Check out the professional analysis! Maybe it'll help youHello traders, attention is now more focused on altcoins, so it is only natural that Bitcoin is suffering losses Bitcoin, the whale Candle closes every day at the exact same important resistance level, 71,782 I put my Bitcoin stop-loss plate behind the four-hour candle After 71484, open a long position, which is only done when Bitcoin turns green, and a short position doesn't actually mean anything.by Sherry-MkUpdated 110
BTC: Ready for Takeoff23% correction lasted around 50 days. After a reset, Bitcoin is ready for another ride to the upside!Longby LA_DesignerUpdated 556
Updated BTC levelsBTC blasted through that area I had marked on my last few charts with conviction. The next key zone is rapidly approaching around 69k even. 71.4k is the next rather obvious zone. I still expect all-time-highs in may. Although this stochastic RSI looks hot, it is just starting to coil up on the weekly chart.Longby Apollo_CB221
BTC/USD technically analysis and awesome trading set-up BTC/USD market structure clearly Bullish because it has given break of structure on every timeframe special on weekly and daily timeframe there are clearly bullish order block and fvg zone for buying. As the market structure is bullish so any drop in market will be just bullish retracement and good opportunity for taking long position on BTC. Here I will share the suitable buying zones wchil can flip your accounts double or more . The 1st buying zone is 63500-64500 which has potential to pump the market upto 67k and 69k and 71k. The next power buying zones based on weekly and daily timeframe confirmation is 61500-63000 which has potential to pump the market upto 66k,69k and 73k. The Exit point from all kinds of bullish trades is 58kLongby hafeezrahman741110
UPDATED SMART MONEY TRENDLINES Trendlines are smart moneys path directions. They change from time to time. They are using the yellow trend as of now. Trendlines refer to their buy and sell bids. They place a buy bid, create a false demand then they cancel the buying bid. Same goes with sell bids. They cause the price to spike when they place a buy bid, then they cancel the bid before it executes so then price falls. The top green trendlines are their future price targets. Same goes with the red trendlines. This idea can be used for short and long. It’s guidance. Shortby The_ForexX_MindsetUpdated 9
BTC/USD has a strong bullish momentum, could it rise further?Price is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 67,458.88 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 65,117.28 Why we like it: There is an overlap support level that is slightly above the 61.8% Fibonacci retracement. Take profit: 72,103.21 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets9
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 Tradersweekly8
FALLING WEDGE A falling wedge is a technical analysis chart pattern used in financial markets,It's a reversal/continuation pattern that forms when a security's price is falling, indicating a potential trend reversal. A falling wedge consists of two converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The pattern forms when the price action is contained within these two trend lines, creating a wedge shape. Here are the key characteristics of a falling wedge : 1. *Bearish trend*: The security is in a downtrend, and the falling wedge forms as a continuation pattern. 2. *Converging trend lines*: The upper and lower trend lines converge, indicating a potential reversal. 3. *Downward slope*: The upper trend line slopes downward, while the lower trend line slopes upward. 4. *Price action*: The price action is contained within the wedge shape, with the security bouncing off the trend lines. 5. *Breakout*: A breakout occurs when the price closes above the upper trend line, indicating a potential trend reversal. A falling wedge can be a reliable reversal pattern , but it's essential to consider other technical and fundamental analysis factors before making trading decisions. In this situation price just break above the down trend line and also the candlestick closes above a resistance of 65,000 indicating a continuation of the bullish run. The bulls once again I control of the market. Remember, technical analysis is not a guarantee of future price movements, and it's always important to do your own research and risk management.Longby De_Dommex223
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 26
VOLCANO CANDLESTICK; VOLUME TRUTH REVEALED $100,212k View my Volcano candlestick. Long bottom wick means bullish momentum to the upside. Creator of STOCHASTIC RSI says; in order to confirm BULLISH Momentum, the bull must cross the bear wave and the 20 line; This will confirm BULLS have total control. Who lied, I wonder WHO? I had to deep search to see this for myself. 13650.1 pips reads $100k plus. Longby The_ForexX_MindsetUpdated 8
Bitcoin Trading: Utilizing Fibonacci Levels for Long EntryTrading Plan: Long Position Entry..! 1. Market Situation: - Currently heading towards the 1w +fvg (insert specific market or asset). - Anticipating a price action to reach the 4h fvg (four-hour Fibonacci retracement level). 2. Expected Scenario: - Anticipating a potential rejection at the 4h fvg level. 3. Response Strategy: - If the expected rejection occurs, I'll be vigilant for the formation of a 4h +fvg (four-hour Fibonacci retracement level) as a sign of potential reversal. 4. Entry Criteria: - Upon confirmation of the 4h +fvg formation after the rejection at the 4h fvg level, I will consider entering a long position. 5. Risk Management: - Stop-loss will be placed below the recent swing low or a predetermined support level to limit potential losses. - Position sizing will be determined based on risk tolerance and account size. 6. Monitoring: - Continuously monitor price action and reassess the trade thesis based on new developments in the market. 7. Exit Strategy: - Take-profit levels will be set based on key resistance levels or profit targets derived from technical analysis. Conclusion: This plan outlines the steps to capitalize on the anticipated price movement, emphasizing risk management and trade execution based on technical analysis signals. --- if you like this idea please support my work thanks..Longby MrCharlie1Updated 111163
BTC/USD DEEP CORRECTION INBOUND?BTC/USD 1D - This market looks to have been distributing on the daily timeframe, we have seen it range within this area over the course of the past two months. As of recent we have seen price influx trading us back up but I feel this is to manipulate buyers before a further down move, I want to see price continue to break down taking us lower in this market. We are yet to see the last high break in order to create a new higher high and we have seen a break in what was the last protected low, so both of these things suggest a potential down move. We are no longer following the laws of bullishness but now following the laws of bearishness. Price has just traded us into a Supply Zone, I believe we may see price trade down initially. Trade into a Demand zone which will give price a kick back up trading into a more fractal area of Supply and then price will continue the move lower, as drawn out above.Shortby Lukegforex7
74.75K seems the nearest oneMorning folks, So, as we've said, if BTC breaks 69K it should go higher. That we see now. Nearest upside target is based on the same pattern - reverse H&S that we're trading for a couple of weeks already. It stands at 74.75K But at the same time, I would like to show you this one - reverse H&S on top. If we see that BTC starts falling fast, it could be not the signal of reversal but the forming of the right arm. Just be prepared to this scenario if BTC starts showing fast downside action. For primary scenario (direct upward action to 74.75) we consider two support levels, where long entry might be interesting - 68K and 66.10K We consider no shorts by far.Longby Sive-Morten8
Potential bullish rise?BTC/USD has just bounced off a support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 67,458.88 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 65,117.28 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Take profit: 71,328.15 Why we like it: There is a pullback resistance. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets8
Is BTC forming a Cup and Handle Pattern?Is BTC forming a Cup and Handle Pattern? The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout.Shortby fantasyeth8
May 20 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 no Nasdaq indicator announcement today. I thought a lot about whether or not to chase it up, but Today, we will proceed safely without overdoing it. Possibility of a correction in the Nasdaq crisis Because the beat pattern is broken I thought there was a high possibility of a sideways movement and ended with an upward rebound. *Red finger movement path One-way long position strategy 1. $66,264 long position entry zone / stop loss when breaking out of the green support line 2. $68,095 long position 1st target -> Top 2nd target -> Good 3rd target Because the present is the last short entry position. When maintaining the purple support line without breaking away There is a possibility of vertical rise to the top or higher. For those who are short, if it breaks the pink resistance line, it will be a big problem, right? The green support line is where the pattern recovers. This is a place where there must be a rebound. From section 1 at the bottom, the pattern is broken. Please note that there is a possibility of further decline after tomorrow. My analysis up to this point is Please simply refer to it and use it. I hope you operate safely with principled trading and stop loss required. thank you Longby BitCoinGuideUpdated 6