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Bitcoinprediction

THE IMPORTANT BTC GAPS ARE GOING TO FILLBitcoin ( CRYPTOCAP:BTC ) recently plummeted to $49,000 due to rising US unemployment rates and a fall in the Japanese stock market. However, BTC is now recovering, bouncing back from the oversold area. This recovery indicates it's time to fill the gaps between the $58,500 and $62,600 levels. In the crypto market, gaps tend to fill quickly, suggesting an imminent bullish movement for Bitcoin. Next targets are 62600 & 69000 , if breaks we are going to see new all time high. Mostly ATH will come in November.
CME:BTC1!Long
by crypto_vulture_signals
Bitcoin (BTC/USD) Price Action Analysis Introduction Hold on to your digital wallets, fellow traders! We're diving into the latest price action of Bitcoin (BTC/USD), where the recent breakout has left us all on the edge of our seats. Let's dissect this chart and see what the crypto king is up to. 🚀💰 Price Action Overview Chart Analysis Current Price: $55,992.52 24-Hour High: $57,027.91 24-Hour Low: $55,909.09 Volume: 111.36 BTC (yup, that's a lot of virtual coins moving around!) Key Technical Indicators Rising Wedge Pattern: A bearish pattern indicating a potential reversal. Breakout Confirmation: Price has broken below the lower trendline of the rising wedge. Volume Analysis: Noticeable increase in volume during the breakout, hinting at strong market participation. Detailed Analysis Rising Wedge Pattern Pattern Description: A rising wedge typically forms during a downtrend and is considered a bearish continuation pattern. Implications: The breakout below the lower trendline suggests that bears are taking control. The support might be a bit weak here, like a soggy cardboard box trying to hold up your crypto dreams. Breakout Confirmation Breakout Level: Around $55,992.52 Implications: The bearish breakout indicates that the price might continue to decline. Time to buckle up, this ride could get bumpy! Volume Analysis Volume Trend: Volume has spiked during the breakout, adding credibility to the move. Significance: High volume during a breakout is often a strong indicator of the move's validity. In simpler terms, the crowd is chanting, and it doesn't look good for the bulls. Support and Resistance Levels Immediate Support: $54,600.00 - Keep an eye on this level; it might just be Bitcoin's life raft. Immediate Resistance: $57,864.53 - The bulls need to conquer this to regain any lost ground. Conclusion Bitcoin has shown a bearish breakout from a rising wedge pattern with substantial volume, indicating potential for further downside. Traders should monitor the immediate support level at $54,600.00 and resistance at $57,864.53 for potential bounce or continuation points. Stay vigilant, and may your trades be as fruitful as a bull market in full swing! Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
COINBASE:BTCUSDShort
by TRADING-NASA
BITCOIN HEADED TO 50K ? - CRASH SOON ?Symbol - BTCUSD CMP 60700 Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely. In any case, If it is breaking 59000 level and sustaining below it then it may directly head to 50-51K which is next major support. A double top pattern is visible on larger time frame. Breakdown of this pattern will lead to trend change/reversal. Hence breakdown of the neckline & sustaining below it will activate this double top pattern & then it will definitely test 51K level & then may touch 45K levels too. P.S. : I'm actively tracking BTCUSD to make long positions around this liquidity zone to play a retracement & then I'll be looking to short around 62K levels with small SL & will add more position on breakdown of liquidity zone/neckline.
OANDA:BTCUSDShort
by akshit_official
2
BITCOIN LAST DOWNTREND CYCLEAs Per #Bitcoin 1-day chart analysis, it is CRYPTOCAP:BTC last cycle towards downtrends around $62k-63k approx. within next 4-5days and after that, #Bitcoin starts moving towards their Uptrend cycle of #BullRun, again in Zig-Zag mode of some little Ups-Downs as per #Elliott #ImpulsiveWave with from 5-7 August onwards upto Feb. 2025 and then its #CorrectionWave starts afterwards of #ElliottWaves pattern. So, take little bit of patience more and just be ready for a big ride of #CryptoMarket Bull-Run soon with #Altcoins market too. And, always Trade with #StopLoss and #DYOR before investing into any Crypto Assets. As well, Like Share and comments on chart analysis too...
Long
by AskToRahulSirohi
BITCOIN SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARD BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
INDEX:BTCUSDLong
by tradergyan01
Bitcoin in Lots of Problems - Stay ALERT!Non- Market factors affecting the BTC price US Govt has a holding of around 200,000 BTC worth $12 Billion. Yesterday (20-07-2024), they moved 29K btcs worth $2.02 Billion to another wallet and this was the major reason for this dip along with the highest resistance at around $70,000. There are speculations that the US govt. might sell these transfered BTCs just like Germany. This is a huge fear factor. On the other hand MT gox is also repaying its creditors, this is another bearish thing, because people will sell what they will receive. Chart Analysis On the chart you can see 4 circled areas, these are all bearish movements, near range MAs crossing down long range MAs - we have discussed these multiple times in the past, these are death crosses. At present, btc price is holding and consolidating at the support level 2. Under this we have small support zones - 1-> $65,990 - Fibonacci level 0.786- Helped us in the past. 2-> $65,520 - A past support zone 3-> $64,900- $65,000 -> A liquidity support zone. 4-> A major support zone between $63,200 - $64,000 (also backed by fib level 0.618 at $63,140) This level has supported the last fall that can when Mt gox made first payment and Germany sold their btc. This is the biggest support we have at the nearest point. Since last night, bears were in high power and it is easy to create bearish fall than creating a rise, we have discussed this many times as well. As of now, the support level 2 is holding the price, all the MAs are anti rise this time and will act as resistance. There are major chances we will go down and see the major support level at $64,000. Always keep in mind the Market Maker (MM) game. When traders go bullish, they shift the market to bearish mode to liquidate them and when traders are bearish, you would see a sudden rise. Traders are always fighting against the Market. So when you feel the market is going into blood, get ready to see a sudden spike. This might bring price up bypassing the MAs but will get rejected by the support level 1. Plan accordingly.
by imvijaygir
BTC looks Ready to get a raise towards $68,000With all the obstacles crossed, it looks like BTC is now ready to move towards $68,000 resistance. We have seen btc moving up taking the necessary correction with every step. For this final step under zone 1, btc has almost done taking the correction and soon will start to penetrate this level to move up now. It has already tried doing that multiple times in the last few hours and failed. It will not be called a fail because these hits help in losening the resistance. Now it should be able to cross the zone 1 and reclaim the support above it. take some time off there before started the next journey which we will cover in the our morning session. In case, btc moves up we should keep in mind that there is a heavy resistance at $68,700 zone, a past ath zone. So this can and should work as a heavy resistance, pushing the price back to retest the upper level of Zone 1. or if btc kept moving with the same pattern of making steps, it should create such a mini support between the zone 1 and the resistance $68,700. There seems no chances of BTC retracting back under zone 1 as the market sentiment looks bullish and most of the liquidity is around zone 1 for as of now. So even if BTC fails to rise up, it should not fall from current level. One very important thing, that I almost forgot to cover, the MAs. We have seen multiple golden crossovers, I have covered in my past chart. One cross over that we are waiting is 100 MA crossing over 200 MA, and this will bring all the MAs in the perfect order they should be. The order from top to down should be 20,50,100,200. This shows the price is in perfect health and good to move up.
Long
by imvijaygir
MACD giving signal for trend reversal, waiting for Golden Cross-The market has been playing the same since the last chart. MA 200 has been a major support, did not let BTC price to cross it. Also sent pushed it up however as discussed in the previous charts " once a support is broken it becomes a resistance ", hence our level 2 which was previously a strond support has now become a strong resistance. MACD shows a loss in Bulls potential, as the market has been in a bear sentiment for the past few days. {Always keep in mind, before taking a long jump, the price has to take a correction. This way, new buyers get the chance to get into the market and paper hands are removed.} Coming back to the chart, because MA 100, and 50 were present below the zone 2, it was hard zone due to multiple resistances and all the bull power exsausted there and because of that, the price was not able to break the upper wall of zone 2 and faced rejection (this is where we are right now). What to Expenct now? The 200 MA is continuosly providing support however, everything in this world has a breaking point. With multiple hits, even the strongest MA like 200 can be broken and psychologically setting a bearish trend is far easier than creating a bullish sentiment in the market. Most of the traders are fearful and the red in chart makes them panic and they sell causing more panic. This is dominos effect. There is a chance of a Golden cross over at the mark X , this will give a bullish push to the price. This will happen when MA 20 will cross over the MA100. This should happen near about the base of zone 2, so that the bullish power helps in breaking the resistance of zone 2 and other MAs. For the support at this point, we have 0.786 Fib level and MA 200, but they can't handle more pressure as well. The doji green candles & heavy red candles shows that bulls are finding it hard to keep up with the bears. Still the cross over in MACD is a good signal (marked). When ever the blue line in MACD crosses the orange line (signal line) from botton to up, it is a bullish signal. It should not come under orange, if that happens, we should get ready to see the $65,000 zone.
by imvijaygir
2
200 MA being the last supportSo the market has liquidated both sides players and still going downwards even when it took support from the lower zone of point 2. The intersaction of MA 20 and 50 became its enemy and send it back to the 0.786 level of Fib just like we discussed in the last chart. The fib sent it back, and this time the level 1 acted as a resistance and btc failed to hold the position. At the current movement, btc is getting a support from MA 200 and is buring under MA 100, 50 and 20. now the level 2 is also the enemy. So btc is in such a position that it has only one friend nearby i.e. MA 200 and if it wants to go up, if has to face multiple enemies which means it require lots of positive volume. When you swim against the stream you need too much power. It would be easy for btc to fall further down and reach the $65,000 which is a light support zone, but if it goes further down, it will get the major support suzone of $63,000. The price will get some time to gather enough energy to pass all the resistances at once and reach the $69,000 once again. But this should not happen. The MA 200 should provide enough support to let the price go back and try to break the level 2 resistance once again. one major thing to keep an eye. If the cyan line (MA20) crossed the red line (MA 100) and went down, we definetly going to $63,000 zone. Too much short pressure on the market, and hence the MAAs might take advantage of it and push the price up to liquidate the short traders. Let's see in teh morning, what happens.
by imvijaygir
4
BITCOIN Poised for Huge RallyOn Weekly Basis: BTC/USD completed its correction from 65500 to 16300 in its 3 Wave Down Correction. Previous top was made at 19000 in December, 2017 also a support level. Fibonacci 78.6% retracement from bottom 5300 to top 65500 ends at 16300, a support level. It took a support at 16300. It consolidated at 16300 till December, 2022 then started a fresh new Bull trend. Current rally has its base at 16300 with breaking a strong resistance at 46900. There is a golden cross over at 200 DMA, since then its on up trend. RSI entered in overbought zone, typically always high for Cryptos. It formed a strong base at 26000 level which is also a B Wave. Uptrend started from A Wave (January, 2023) and peaking at 30600 before it started new rally from 26000 (Completion of B Wave). Currently it has completed A and B wave. After it has broken the downward trendline and continuously going up, may give a chance for long position with handsome gains. The current C wave could prove to be very strong which may prove to breach an all time high of 65500 on weekly basis. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
BITSTAMP:BTCUSDLong
by AnkurSharda3
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
CRYPTO:BTCUSDShort
by tradergyan01
BITCOIN SETUP TRADE WIH 1:10 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good buying setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good buying setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
CRYPTO:BTCUSDLong
by tradergyan01
10
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
BINANCE:BTCUSDShort
by tradergyan01
BITCOIN on Last Lower-Low DipAs per 1-day chart analysis, CRYPTOCAP:BTC performing well as per my previous perditions, already posted and mentioned below with its last Lower-Low soon around GETTEX:52K - GETTEX:48K , while it is already completed its second-final mark of $53.5k that lies between $55k- GETTEX:52K as per given charts. so, need to take a little while more patience upto july month end, to completing its last Lower-Low mark and then from august onwards, #Bitcoin will starts moving slowly sideways with #Altcoins rally starts and slowly from sept. onwards fully mode of #BullRun 2024-25 cycle will be starts into their #Elliot #ImpilsiveWave upto next 7-8 months... anyways, always #DYOR before investing in #Crypto and Trade by using #StopLoss at this situations. and, always follow share & comment on my every post to get more updates...
Short
by AskToRahulSirohi
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup det BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
CRYPTO:BTCUSD
by tradergyan01
IS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEWIS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEW when we look in day chat bitcoin showing these thing. 1. first of all its break a trend line shown on chat 2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap 3. its also breaked the all support lines there is no resistance so it will fall a lot with out any doubt 4. here buyers are ready to buy but showing a huge downward pressure it gonna trap her and fall a lot 5. volumes are also showing far more fall overall mening is .. i want to ask you 2 question 1 ask youself Q1. is bitcoin time over Q2. what is your opinion in this longterm setup just comment below im waiting for your comment. and last JAY JAGANNATH . when we look in day chat bitcoin showing these thing. 1. first of all its break a trend line shown on chat 2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap 3. its also breaked the all support lines there is no resistance so it will fall a lot with out any doubt 4. here buyers are ready to buy but showing a huge downward pressure it gonna trap her and fall a lot 5. volumes are also showing far more fall overall mening is .. i want to ask you 2 question 1 ask youself Q1. is bitcoin time over Q2. what is your opinion in this longterm setup just comment below im waiting for your comment. and last JAY JAGANNATH
CRYPTO:BTCUSDShort
by tradergyan01
Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k. The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level. I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run. The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line). This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased. From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers ! There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run. I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ? Let's see..
Long
by itsmcasalinii