BTCUSD LONG IDEATriggered order block on the 1HR TF Chart. Safe entry will be at the bottom order block and SL is the red line. This is just based on my own analysis. Trade at your own risk! Longby jayforex0724222
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Hi. BITSTAMP:BTCUSD ✅Today, I want to analyze BTC for you in a 12H time frame so that we can have a MID-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, BTC has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves . ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 Starting 5th waves. 🟢 Bullish Divergence 🟢Falling Wedge ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!Longby CobraVanguardUpdated 3357
WHALES LOW VOLUME IS NOW HERE! (Whales have arrived)Today, whales low volume on a 1Day TF has appeared. I told ya it was pending process and now shows complete at 5pm pacific time as of today. View my vertical lines, each one represents 1Day TF from the start when whales low volume was complete. Ended weeks later. Next 1DAY TF vertical line took days to complete. View each smart money contraction value lines then follow the trend. When have I mentioned whales low volume and failed? Who’s ready for another BULL RUN? I added possible targets. Next move is to wait for WHALES to buy some huge BTC. Longby The_ForexX_MindsetUpdated 2212
WHALES LOW VOLUME; almost complete Whales low volume means BULL MONSTER RUN. I think by now, those mates who know when I mention whales low volume means BULL RUN. Last whales low volume spiked to about 10k. Here is your rectangle and my SPACEDXx purple plot wave indicating BULL POWER. My money volume green wave is also on the up move. Longby The_ForexX_MindsetUpdated 3312
Bitcoin: mixed trading continuesThe story about the ETH ETF approval marked the previous week, and left BTC aside from investors' view during the second half of the week. However, both volatility and liquidations were significant. First, BTC was strongly shifted toward the level of $71.410 from $66.225, and then the price started its decline toward the level of $66.8K. As per news, there has been $350 million in liquidations of leveraged positions, which was the highest level since the beginning of May. It seems that the market was slowly losing hope that ETH ETF will be approved by the SEC, in which sense, the information regarding its approval was sort of a surprise, which imposed strong market moves. Regardless of the latest developments, RSI is showing that the BTC market is still not in the overbought territory. The indicator reached the highest level at 66, and then slowly went down till the level of 57. Based on current indicator`s moves, it seems that the market is still not in the mood to look at the oversold market side. Moving average of 50 days slowed down its convergence toward MA200, so they are currently moving as two parallel lines. There is no indication over potential cross in the coming period, and in this sense, no trend change for the moment. Based on current charts, it seems that the market does not have the strength to clearly pass the $70K line. Still, it should be considered that the previous week was a specific one, as the news about ETH ETF approval was dominant. If we take into account liquidations which occurred and that some of funds from BTC were transferred to ETH, in expectation of its surge in price, then market lack of strength could be explained. As for the future period, charts are still somewhere mixed. There is a potential for the upside, in terms that levels above $70K might be tested for one more time, but there is also some probability for FWB:65K support to be tested. Market would certainly need time to digest the latest regulatory moves, in which sense, higher volatility might continue for another week. by XBTFX1111
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 TradingShot8894
Is Bitcoin about to rally to $110-120k ??Very probable. In the next 6 to 9 months. This idea is a continuation from the idea: ‘Is Bitcoin about to collapse to $20k ??” published back in December. You can read it here: tinyurl.com Previously the $20k target was based around the idea of a wave 4 Elliot wave correction. A strong sell signal on the weekly. Now everything is in reverse. Wave 5 rally seems highly probable with a strong buy signal. Actually this is the first ‘incredible buy’ signal I’ve seen on a weekly chart of Bitcoin, no matter the exchange. I can hear it already: “This isn’t a wave 4 correction, it’s a bear market!!” Yes and no. Yes, technically it is a bear market, but crypto winter? No. This is just a heavy wave 4 correction like we’re seen in other cycles, such as: 1) July 2019 to April 2020 2) April 2013 to August 2013 Both corrections were around 75%. What you’ll notice is the rally that followed each of those corrections was particularly strong. ** Lengthening cycles ** I’ve a big fan the lengthening cycle theory first brought to my attention by the Youtube Benjamin Cowen. If you overlay the theory with pervious cycles you find the market top for this cycle is 6 months earliest 9 months latest. The increasing lengths are shown on the above weekly chart. How does rally play out? As per the weekly chart below, a rally to the $48k level before September. There’ll be an excellent swing trade opportunity around this time. And then off to the top. What are the fundamental reasons for all of this happening? Risk assets all over are about to do the same. We’re told a recession is coming if not already in one (depending what country you’re in) with an environment of rising rates. Obviously the two cannot coexist, the FED will have to pivot if economies are showing slow growth. When the herd get whiff of a rate pivot.. The other half to this explosive growth is slowing demand in the face of peaking inflation. With the rate rises everyone has started to watch the pennies at the exact same moment retailers have overstocked. There’s no question inflation has peaked and will likely now come down hard in the months ahead in an environment of rising rates. The combination of rate pivot and falling demand is a unique set of circumstances you don’t see very often. You’ve got to look back decades. Questions? Just ask below! Ww Type: trade Risk: <=40% of portfolio Timeframe: 6 - 9 month Return: 6x Weekly chart Longby without_worriesUpdated 823823777
Small bunniesCouple of bunnies is grazing at plains of BTC. Hopefully they will encounter big pile of cabbages and enter feeding phase.by FiercePears115
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
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 16
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 TradersweeklyUpdated 12
Duplicate idea showing downtrend possibility BTC still with whales low volume, I have no doubt this is a dip BEAR TRAP headed to smart money red trendline to $67,918. Shortby The_ForexX_MindsetUpdated 224
$BTC to $52-54k before new high $70K+?The chart for the last range played out already, so now creating a new chart to focus on price action over the coming month or two. We ended up tagging the $58.2k support on the bottom of the range and have since bounced higher. I think it's likely that price action will continue up until the $66k resistance. If price can't break above that level, then I think that sets up the potential for one final move down before we see a new high. The levels to look for on the support side would be GETTEX:54K , GETTEX:52K on the chart. I'd anticipate this move playing out between the next couple of days and the middle of May. After that level gets hit, then I'd expect a fairly fast run up into new highs at the $76k-78k range. So I plan on bidding heavily into that support region, should it happen. That should be the final top for this cycle. by benjihyamUpdated 556
#BITCOIN. A healty pullback before a possible more agress move. CRYPTOCAP:BTC price dropped by 2.12% in the past day, following news of the spot Ethereum ETF approvals. This surprised traders who were optimistic about new all-time highs following the cryptocurrency's strong rally earlier in the week, gaining 9% to $72,000. The sudden decline saw BTC fall from a high of $71,980 on May 21 to an intra-day low of $66,606 on May 24. This latest move in BTC price I would call a healty pullback / possible fakeout and I expect to see BTC might make a gap up or a climb to as high as 77/78k LVL. While still keeping my old analysis as a base. (THIS WAS RECENTLY REMOVED BY MODERATORS FOR RESTRICTED CONTENT). Here is the original numbers from apr 16 analysis. If price = down from: Ema 20 Sma 50 =bears will try to push for 60k lvl. If this lvl breaks look for 61.8% Fib r lvl of $54++ If price breaks up from: MA = $60k - 73k range. A break + close above 73,777 indicates a resumption of the uptrend to 80k. Longby BaseLineTraders114
BTCUSD Descending Triangle Breakout ? 24.05.2024- Descending triangle pattern identified on the 15-minute BTCUSD chart. - Upside break of downtrendline suggests potential price increase. - Downside break of support indicates potential further price decline. - Apply risk management _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) by BDSwiss_Academy223
The Bitcoin BoxA continuation of my last post "The Fink Line In The Sand" -- Price action to me still looks good - Seems to play into the wyckoff accumulation patterns as well as just sideways waning velocity. Taking time off the clock for a move higher... the longer it stays in this box the more confident I get... wen 100k COINBASE:BTCUSD Longby longs4days113
Bitcoin Wyckoff - An alternative view...This is what a bearish view would look like. As usual, targets are based on traditional pnf methods. The AI BOT I use seems to be extremely bearish which prompted be to go against my better judgement and also be bearish. As usual, just an idea. Good luck. Shortby SellBitcoins223
MEN LIE, WOMAN LIE, BUT CHARTS DON'T LIE. Vertical lines represent bearish and bullish sessions. The next reads to be a Bullish Session. The price is questionable. The 3-month space is just an idea of what might happen. Bubbles represent price zones. I will not play Wizard and predict where the price will end up. I'm only being honest. Price action, sessions, and pi cycles read how and where. Prices are also thought ranges. Hanging Man made the dip. Bullish Engulfing has not been completed yet. It's still in process. In my opinion, it will be a bullish engulfing because two bottom body candles are even and the pattern has a BE pattern type but not confirmed yet. Pi Cycles meaning: to have a crash, red MA must first cross the green MA which has not. Neither will the price fall below the red MA. I've applied a white MA for security, the RED MA must not fall below it. Please see PI CYCLE's previous idea. Follow the red and green MA. When the Red MA crossed the green MA on cycles 1 and 2, then came the dip. 1 and 2 blue trend is part of the halving pattern. This idea meets the criteria for STOCH RSI. When using STOCH RSI on a 1WK volume chart, it shows the bull momentum making the CROSS. BULLS have made null and void the HM. Red and white MA's work like a magnet with volume candlesticks. Longby The_ForexX_MindsetUpdated 151556
BITCOIN '' 4 November 2024''When Bitcoin was first introduced by the pseudonymous Satoshi Nakamoto in 2008, it generated a wide range of reactions and predictions from various sectors, including technology enthusiasts, economists, and financial experts. Here are some of the early predictions and opinions about Bitcoin: 1. **Skepticism and Dismissal**: - Many mainstream financial experts and economists were highly skeptical of Bitcoin. They saw it as a speculative bubble, similar to previous economic bubbles. For instance, economist Nouriel Roubini famously dismissed Bitcoin, predicting its eventual collapse. - Warren Buffett, a renowned investor, called Bitcoin "rat poison squared" and cautioned investors to stay away from it. 2. **Enthusiasm from Technologists**: - Among technologists and early adopters, there was significant enthusiasm. They saw Bitcoin as a revolutionary technology with the potential to disrupt the traditional financial system. The decentralized nature of Bitcoin and the underlying blockchain technology were particularly praised. - Hal Finney, a noted cryptographer, was one of the earliest supporters and received the first Bitcoin transaction from Satoshi Nakamoto. 3. **Libertarian Support**: - Bitcoin garnered considerable support from libertarians and those advocating for financial privacy and freedom. They viewed Bitcoin as a tool to circumvent government control and provide individuals with greater financial autonomy. 4. **Media Coverage**: - Early media coverage was a mix of curiosity and skepticism. Some articles highlighted the potential of Bitcoin to change the world, while others focused on its association with illicit activities due to its pseudonymous nature. 5. **Comparison to Gold**: - Some early proponents referred to Bitcoin as "digital gold," emphasizing its potential as a store of value. This comparison was made due to Bitcoin's limited supply (21 million coins) and its potential to act as a hedge against inflation and economic instability. 6. **Volatility Concerns**: - Many critics pointed to Bitcoin's extreme volatility as a major drawback, arguing that it would prevent Bitcoin from being used as a stable medium of exchange or store of value. Here are a few notable early quotes and predictions: - **Satoshi Nakamoto (2008)**: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." - **Hal Finney (2009)**: "Thinking about how to reduce CO2 emissions from a widespread Bitcoin implementation." - **Paul Krugman (2013)**: "Bitcoin is evil" - reflecting his strong skepticism and belief that Bitcoin would not succeed. Despite the mixed predictions and opinions, Bitcoin has grown significantly since its inception, influencing financial markets, inspiring numerous other cryptocurrencies, and sparking widespread interest in blockchain technology.Longby TrojanBible112
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
BTC: Ready for Takeoff23% correction lasted around 50 days. After a reset, Bitcoin is ready for another ride to the upside!Longby LA_DesignerUpdated 557
BTC Q2 2024 FORECAST : TIME VS PRICE WHO WILL YIELDIm bullish expecting resistances like the one which traced my zig zag (another late post) i get a feeling the impulse is going to be bumpy and rangey im not all for btc hittin new highs not yet with the boost it made to get here then another boost that will make btc waaaay over bought time is as important as price and now is not the time for extreme new highs that dont matter though cause markets will just do what it wants to do my first btc forecast this year Longby Bekiumuzi_DubeUpdated 115
BTC price will be lower at 20h45 tomorrow than price today Price tomorrow will be lower at 20h45 than today at same time. Shortby bestraderbro221