Bitcoin Technical Analysis & Possibilities - Bitcoin has recently shown a great jump and pump because of FED Rate cut expectations
- However, the ETF Inflow from Hong Kong and US Asset Managers is not stopping as well
- The fundamentals of Bitcoin looks good with no bearish scenario looming over
- ETH ETF approval will be a bullish catalyst for the whole market however, bitcoin might go sideways because of this reason being ETH money inflow will increase
- Watch out the zones mentioned and make sure you manage risk
1-BTCUSD
Bitcoin Bybit chart analysis May 21Hello
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Bitcoin 30-minute chart.
There is no NASDAQ indicator announcement.
Nasdaq upward and sideways protection strategy
We created a strategy based on the possibility of a vertical decline in Tether dominance.
*Red finger movement path
Long position strategy
1. $70947.5 Long position entry zone / Stop loss when breaking out of the green support line
2. $73151.5 long position 1st target -> Good 2nd target -> Great 3rd target
In the case of Great, you can check it by dragging the chart.
Section 1 marked at the top is
The more you touch, the better it is.
You can shoot hard right after touching it.
Even when considering the profit/loss ratio, rather than shorting unreasonably
Going long seems to be advantageous.
Section 2 at the bottom is where the short-term pattern is broken.
If it is pushed back, the next support line becomes Bottom.
My analysis up to this point is for reference only.
I hope you operate safely with principled trading and stop loss required.
thank you
Bitcoin Bybit chart analysis May 20Hello
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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
Bitcoin Bybit chart analysis May 17Hello
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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
Nasdaq is moderately trading sideways.
Subject to vertical decline in Tether dominance
I created today's strategy.
At the bottom left is the entry point for yesterday's long position.
I proceeded by connecting Purple Finger's $65,426 as is.
*Red finger movement path
One-way long position strategy
1. $66147.5 long position entry zone / stop loss when breaking out of the green support line
Long position 1st target Top -> 2nd target Good -> 3rd target Great
When reaching the 3rd target during the weekend
The medium-term downtrend line will be broken through.
After touching the resistance line on the 5-minute chart in Tether Dominance
The vertical drop must be connected,
MACD deadcross on the 4-hour chart was ignored.
Section 1 at the bottom is guaranteed to be extremely lateral.
Section 2 is the 1+4 major support line.
We must support unconditionally in section 2.
Lastly, please pay attention to Nasdaq variables.
Key resistance prices at the top and bottom of the chart,
I left the support price, so I think it would be good to use it.
Please note that my analysis up to this point is merely for reference and use.
Please operate safely with principled trading and stop loss required.
Thank you for your hard work this week.
thank you
Bitcoin Technical Analysis- Bitcoin is currently hovering around the zone of overhead supply
- Bitcoin can keep consolidating or move sideways here and that's going to help Bitcoin throw up or shoot up big
- If Bitcoin gets rejected from here we can see an easy retracement to 65,000$ and then continue to move up
- Avoid leverage like I always say and try building/holding positions in spot
- Spot will save you from volatility much better than leverage if you still want to use leverage don't go beyond 2-3X
BTCUSD Important levelHey Family, BTCUSD make or break level, BTCUSD is at important level and Forming a ascending triangle Pattern Let's see this breakout sustain or not.
Trying To Break Support Trendline, If There is a reversal From The Support Trendline. Then We can see good Upside move possible only after breakout of resistance zone.
what is your view please comment it down and also boost the idea this help to motivate us for sharing more idea. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
#BTC/USDT Poised for Another Retest: Key Levels to Watch#BTC/USDT Analysis: Bearish Divergence and Decreasing Volume Indicate Potential Retest Levels
#Bearish Divergence
A bearish divergence occurs when the price of an asset is making higher highs, but the underlying technical indicator (in this case, the Relative Strength Index, or RSI) is making lower highs. This discrepancy suggests that the bullish momentum is weakening and a potential reversal or pullback could be on the horizon.
For #BTC/USDT, we've identified a bearish divergence forming on the daily chart. Despite Bitcoin reaching new highs, the RSI is not confirming this upward movement, indicating that the buying pressure is not as strong as it appears on the surface.
#Decreasing Volume
In addition to the bearish divergence, we are also seeing a significant decrease in trading volume. Volume is a critical indicator of market strength; decreasing volume during an uptrend suggests that the momentum is fading. This declining volume trend can signal a lack of conviction among buyers and potentially foreshadow a price reversal or retest of lower support levels.
#Potential Retest Levels
Given these technical indicators, it is likely that BTC/USDT might take a retest at certain key support levels:
1. **Retest Around $63,500**
- This level has previously acted as a strong support, and if Bitcoin's price retraces, it is likely to find initial support around this area. If the price manages to hold at $63,500, we might see a bounce-back, providing traders with a potential buying opportunity.
2. **Retest Around $61,000**
- If the $63,500 support does not hold, the next significant support level to watch is around $61,000. This level has historical significance and could act as a strong support. A retest around this level would provide a crucial juncture for BTC/USDT, determining whether it will consolidate or continue its downward trend.
#Trading Strategies
- **Cautious Approach**: Given the bearish divergence and decreasing volume, traders might consider a cautious approach, reducing their positions or waiting for confirmation before entering new trades.
- **Stop-Loss Orders**: Setting stop-loss orders just below the identified support levels ($63,500 and $61,000) can help mitigate potential losses in case of a further downturn.
- **Watch for Confirmations**: Look for confirmations such as bullish reversal patterns or increasing volume at support levels before considering long positions.
#Conclusion
#BTC/USDT is currently showing signs of potential weakness with bearish divergence and decreasing volume. Traders should be prepared for possible retests at $63,500 and $61,000. Monitoring key technical indicators and market sentiment will be crucial in making informed trading decisions during this period.
BTCUSD Daily closing below 65867 then 📉 📉 to 62045 marked on the chart
Any Daily closing above 67438 then bullish 📈 📈 📈 77500
65867 could act as a support, so until it breaks and closes below then only 📉 📉
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Not coin updatesOverview
Name: Not Coin (NTC)
Launch Date: Recently launched (specific date varies by source)
Purpose: Designed for use in decentralized applications (dApps) and smart contracts.
Key Features
Blockchain Technology: Not Coin operates on a blockchain platform, ensuring security and transparency.
Smart Contracts: Supports the creation and execution of smart contracts, aiming to streamline various digital agreements.
dApp Integration: Focused on facilitating the development and operation of decentralized applications.
Market Performance
Market Cap: Relatively low compared to major cryptocurrencies, reflecting its emerging status.
Price Volatility: Exhibits significant price fluctuations, typical of new and smaller cryptocurrencies.
Use Cases
DeFi (Decentralized Finance): Potential applications in decentralized finance platforms, offering users financial services without intermediaries.
Gaming: Integration into blockchain-based games, providing in-game currency and assets.
Strengths
Innovative Technology: Leveraging blockchain for various modern applications.
Community Support: Growing community and developer interest, fostering innovation and adoption.
Weaknesses
High Volatility: Prone to large price swings, which can deter risk-averse investors.
Limited Adoption: Still in the early stages of user and developer adoption compared to established cryptocurrencies like Bitcoin and Ethereum.
Conclusion
Not Coin is an emerging cryptocurrency with potential in the DeFi and dApp sectors. Its future growth depends on increased adoption and development within its ecosystem. However, investors should be aware of the high volatility and associated risks.
For a detailed analysis, including technical specs and real-time market data, further research or consultation with a financial expert is recommended.
Bitcoin Bybit chart analysis May 16Hello
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Bitcoin 30-minute chart.
There is an indicator announcement at 9:30.
After first touching the lower Bollinger Band,
It's going sideways.
On the signal, before and after the MACD deadcross on the 2-hour chart
The position is a bit ambiguous.
Because it is a position with a high possibility of sideways movement.
Today, we will operate safely without greed.
*Red finger movement path
Long position strategy
1. $65,426 long position entry zone / stop loss when breaking out of the light blue support line
2. $67681.5 long position 1st target -> Good 2nd -> Great 3rd target
In the case of Tether dominance, depending on today's movements
The mid-term downward pattern may be broken.
The beat should be stronger than the top section.
It is possible to break the mid-term downward pattern.
If the purple support line is maintained,
Strong rising section
Section 1 is a section that traverses downward to the right.
If possible, within the green support line without touching this section.
It would be good if you protect it.
Please keep in mind that my analysis up to this point is merely for reference.
Please operate safely with principled trading and stop loss required.
thank you
Bitcoin Bybit chart analysis May 14Hello
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Bitcoin 30-minute chart.
There are two Nasdaq indicator announcements tonight at 9:30 and 11:00.
Powell's speech is at 11 o'clock.
There appears to be some movement.
Also, the sudden rebellion of the afternoon beat?
As the decline occurred once, I was really worried.
When I looked at the movement yesterday, I finally saw an upward movement.
My current position is a double-edged sword.
Also, some patterns are broken due to the afternoon movement.
Because 4+6+12 MACD deadcross is in progress.
There is a possibility of a sharp decline or a gap reversal at the bottom.
It is a very high position.
From my point of view, it is a very disappointing position.
The same goes for Nasdaq movements.
I decided that it was too early to give up, so I hesitated.
Anyway
Unless there is a gap retracement today
There are conditions for it to rise again in the medium term.
When looking at Tether Dominance, from the current location
The beat is a bit difficult to short.
(There was no clear short position after the vertical decline)
Everyone knows that it is a place where there is a long wait in the Gap section.
I feel uneasy because it seems like it will go up if we ignore it...
This is the strategy for that part.
*Sky blue finger movement path
Two-way neutral
Short->Long switching strategy
1. Short position entry zone at $62432 / Stop loss when the orange resistance line is broken
2. Long position switching at $61594 / Stop loss when the green support line is broken
At the top, $63,147 long position 1st target -> Top 2nd -> Good 3rd
Today, if we just maintain the green support line without breaking away,
It's the best
If the strategy is successful, the likelihood of a strong rise after tomorrow increases.
When adjustments are made immediately at the current location
Please refer to the support line indicated at the bottom.
at the current location
The highest probability is Gap retracement -> The next one is $59,164.
I hope the strategy is successful based on the daily candle tails.
Why am I so obsessed with this section?
Please refer to the video later.
Of course, without leaving the purple parallel line.
There may be a strange rebound, but
Because the NASDAQ variable or probability is very low
We proceeded realistically.
Because tomorrow is a holiday,
If you drag the chart up and down,
I have also left you with the main support and resistance prices.
I think it would be a good idea to check it out.
Please note that my analysis up to this point is merely for reference and use.
I hope you operate safely with principled trading and stop loss required.
thank you
Bitcoin Bybit chart analysis May 13Hello
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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
A section where everyone can be scared due to last week’s decline.
I reached a similar position again.
Let me summarize it simply and clearly.
Based on Bollinger Band 4-hour chart
If you look at the section that fell vertically in the candle on April 30th,
It’s similar to your current location, right?
The other part is the signal, daily chart Bollinger Band after 2nd and 3rd touch.
The center line trend direction is different.
With the movement last Friday,
All conditions for ascent have been created.
Instead, there is a candle tail shape on the left.
30-minute, 1-hour, 2-hour charts Ichimoku Balance Table Yangun When looking at the thickness
When it breaks away from the purple support line
It's a crash.
Because it is also viewed as upward on Nasdaq.
If you are overwhelmed in a battle of momentum, you will decide that you cannot make a profit.
I set a short stop loss and operated aggressively.
*Red finger movement path
Long position strategy
1. $62526.5 long position entry area / stop loss when breaking away from the purple support line
2. $64,418 long position primary target -> Top secondary target
I thought a lot about whether to pursue it or not.
Based on the current Bollinger band
From 9 o'clock, when additional candles are created for the 6-hour and 12-hour charts,
A movement that cannot be overcome by a single candle
Because a breakout is possible from additional candles
You can view it as a strategy for rising waves after 9 o’clock.
Section 1 at the top is angled upward to the right.
Number 2 at the bottom is toward the right.
Below that, Gap -> Section 3 is a safe support line with an intermediate perspective.
Please note that my analysis up to this point is merely for reference and use.
I hope you operate safely with principled trading and stop loss required.
thank you
#BTC/USDT Bulls Gather Momentum: A Potential Price Surge AheadThe #BTC/USDT pair has recently undergone a significant event, testing a key trend line and subsequently bouncing from it. This bounce has coincided with the formation of a bullish divergence, indicating a potential trend reversal and the beginning of a bullish phase for Bitcoin.
The current price action suggests that #Bitcoin is now poised to retest three critical resistance levels at $62600, $67200, and $71000. If these levels are successfully breached, it could pave the way for a move towards the $85,000 target.
The successful breakout above these resistance levels would confirm the strength of the bullish momentum and could attract further buying interest from traders and investors. However, it's important to monitor the price action closely, as failure to break above these levels could lead to a continuation of the current consolidation phase.
Bitcoin Bybit chart analysis May 10Hello
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Bitcoin 30-minute chart.
Nasdaq is trending upward.
Beat is debating whether or not to break the record.
I'm more loyal than I look...
Purple finger on the left, $63,035
I tried to connect it to the strategy of those who switched short yesterday.
*Red finger movement path
Long position strategy
1. $62,734 long position entry zone / stop loss when breaking out of the green support line
2. $63709.5 long position 1st target -> Top 2nd target -> Good 3rd target
As I focus on strategy,
Because I was scared of variables, the number of targets at the top decreased a lot.
Top or above is a position that can be sufficiently promoted.
It is better to touch the long position entry section of $62,734 as late as possible.
For example, after the MACD deadcross was imprinted on the 1-hour chart.
If the green support line continues to be maintained somehow,
The upward trend may continue.
Section 1 at the bottom is a sideways road sloping upward to the right.
First of all, the biggest problem last night was
The 12-hour, daily chart MACD deadcross was ignored.
In Tether Dominance, we implemented a strategy with a vertical decline condition.
An additional daily candle is created today, provided that the daily low is not broken.
I bet on the rising wave.
If Nasdaq shows a strong or vertical rise,
Your strategy is more likely to succeed.
finally ,
If the strategy is successful, those who went long yesterday will
Including entry into existing altcoins
Boarding the automatic rice cake train is complete.
If you drag up or down the chart,
You can check major support and resistance prices, so make good use of it.
My analysis up to this point is for reference and use only.
I hope you operate safely with principled trading and stop loss required.
Thank you for your hard work this week.
Have a nice weekend everyone.
thank you
BTCUSD important levelHey Family, BTCUSD make or break level in range (60,100 - 61,500), BTCUSD is at important level Forming a Descending triangle Pattern Let's see this breakout sustain or not.
what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Bitcoin Bybit chart analysis May 9Hello
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Bitcoin 30-minute chart.
Today at 9:30 there is a Nasdaq indicator announcement.
1-hour chart MACD deadcross
Because the branching point was divided as it kept being imprinted and released.
The analysis took a long time.
I honestly almost lost my eyeballs comparing it to Tether Dominance.
Everyone wants something hot, so in a place where everyone can see it is a huge downfall.
It is a catch-up buying strategy with a stop loss.
Nasdaq is always the variable
Today, additionally,
Will there be a MACD deadcross on the 12-hour chart at 9 a.m.?
Will the daily chart MACD deadcross be imprinted by 9 a.m. tomorrow?
Please check.
*Red finger movement path
Two-way neutral
Long->short switching strategy
1. $60,977 long position entry zone / stop loss when breaking out of the green support line
2. Short position switching at $63053 / Stop loss when breaking the red resistance line
If the strategy is successful,
Tomorrow's daily chart MACD dead cross depending on whether or not it is engraved
While maintaining a short position of $63,053,
In case of engraving -> Wait for long switching
In case of failure -> maintain short position
You can solve it together in tomorrow’s analysis article.
The 1-hour chart MACD dead cross is not engraved at the current location.
If you come down to retouch,
If the 12-hour chart MACD dead cross is not engraved until 9 o'clock
Or, if the resistance line is touched on the Bollinger Band 1-hour chart and the extreme horizontal is guaranteed,
You can get down to section 1 at the bottom for $60,642.5.
It is currently falling vertically on the 4-hour chart.
If it fails to break through the pink resistance line and declines, section 1 is ignored.
You can be pushed straight to the bottom
Stop loss is absolutely mandatory.
What I think is a safe mid-term upward trend is
It's about a light blue support line.
Current position, light blue support line, until the last support line
If there is an upward trend again,
If you get a chance out of three, you should try it, right?
If you trade principledly with a short stop loss,
In the end, I think you can safely make a profit.
I can't be the right answer or standard.
Don't forget that real-time selection is most important depending on the chart movement.
Please note that my analysis is for reference and use only.
I hope you operate safely with principled trading and stop loss required.
thank you
Opinion: IOTEX SEED_DONKEYDAN_MARKET_CAP:IOTX is a potential project with expanding its core idea of DePIN makes it one of the most undervalued token in crypto industry.
Due to high level of supply and little exposure of token for DePIN ecosystem, creates an opportunity for a long term investor to capture.
* Currently, it is around 100DMA line, may see another 10% fall . But point here is, falling with low volume.
Bitcoin Bybit chart analysis May 8Hello
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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement.
Long position entered yesterday,
On the left, the Purple Finger $62916.5 strategy is connected as is.
Today too, there is a high possibility of sideways movement.
This is a position that can fall significantly from the current position 4+6.
Since it is a place with many variables,
Please check the analysis carefully.
*Sky blue finger movement path
Two-way neutral
Short -> Long switching strategy
1. Short position entry zone at $63709.5 / Stop loss when the orange resistance line is broken
2. Long position switching at $62873.5 / Stop loss when the purple support line breaks away
$64,890 Top section long position 1st target -> Good 2nd target
For those who entered long positions yesterday,
You can operate with a stop loss starting from the breakout of the purple support line.
There is no place to go short yet, as there is no 5-minute trend reversal.
Please check if the 5-minute bar trend is changing.
Section 1 at the top is the short position operation section or extreme sideways protection section.
Section 2 at the bottom is at 9 PM, only until an additional 6-hour bar is created.
This is a major rebound period. (A place that can be pushed with maximum force)
Up to the orange resistance line/green support line today.
It is a right-sloping or right-down lateral long section,
If it breaks away from the green support line, it may reach the bottom.
If you touch the 1st target of today's top section
Because it is a place where broken patterns are restored.
The possibility of further rise increases.
After touching the light blue finger short entry section $63709.5
Purple support line -> It can fall significantly below the green support line.
From a long position perspective, it must absolutely break through today.
I have written in detail so far.
I don't know if it was helpful.
Please note that my analysis up to this point is merely for reference and use.
Please operate safely with principled trading and stop loss required.
thank you
Bitcoin Bybit chart analysis May 7Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement.
This is a position with a very high possibility of sideways movement.
According to today's movement, it looks like the upper and lower sides are divided again.
Overall, we created a safe strategy.
*Red finger movement path
Long position strategy
1. $62916.5 long position entry zone / stop loss when breaking out of the green support line
2. $66,407 long position primary target -> Top secondary target
The pattern is maintained without being broken.
With MACD deadcross on the 6-hour chart,
The signal is a bit twisted.
While it is moving sideways, it is important to know where it will move depending on the Nasdaq movement.
The best move for a long position is
While maintaining the purple support line
It would be best if there was a rebound
When touching the green support line,
Because it reaches the dangerous section 4+6
It must break through the orange resistance line.
Number 1 at the top is an upward lateral movement.
I think number 2 at the bottom will be a sideways downward trend.
Within the green parallel line
If there is movement, you can view it as a extreme sideways market.
If BIT continues to succeed in rebounding with Nasdaq
Altcoins can also continue to rise from lows.
Please refer to it
Please keep in mind that my analysis up to this point is merely for reference.
Please operate safely with principled trading and stop loss required.
thank you