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Bitcoinpricetrendanalysis

Bitcoin's Recent Surge and Potential OutlookBitcoin has experienced a significant surge in recent days, breaking through the $100,000 mark. This bullish momentum is evident on the daily chart, with the price forming higher highs and higher lows, a classic sign of an uptrend. Potential Scenarios: Continued Upward Momentum: If the current bullish trend persists, Bitcoin could continue to rally towards new all-time highs. Key resistance levels to watch include the psychological $110,000 and $120,000 levels. Short-Term Correction: Given the overbought conditions, a short-term pullback to retest is possible. However, this could provide a buying opportunity for long-term investors. Trading Strategies: Long-Term Investors: Continue to hold Bitcoin and consider buying additional positions on any dips. Short-Term Traders: Be cautious and consider taking profits on existing positions. If a pullback occurs, look for buying opportunities near key support levels. Important Considerations: Volatility: Bitcoin is a highly volatile asset, and price swings can be significant. Market Sentiment: Positive news and developments in the cryptocurrency industry can fuel further price increases. Regulatory Environment: Changes in regulations can impact the price of Bitcoin.
by itskisun
Bitcoin Bull Run Setup Commentary and Technical Analysis - Bitcoin is currently trading at 97,481 down 2.3% from its recent high - Bitcoin has huge imbalances printed and the mitigation has not yet happened - Inefficiencies and Fair Value Gaps left to be tapped: 81,000$ & 77,000$ - Spot Bidding at these zones presents a very conservative entry and one impulsive move can yield 30-40% in a quarter. - Swinging at these zones from a Risk:Reward perspective is also going to be highly favourable - This business is all about speculation and condensing macros along, DXY is breaking out huge, moreover, BTC might print 100k or above that's a psychological target for many but don't forget the risk involved in entering here if BTC falls by 20% straight due to a negative catalyst. - Chicago Mercantile EX gap lays at 77,000$ that can soon get filled - Ethereum is a better play when compared to BTC.
BITSTAMP:BTCUSD
by VKtradesimbalance
SWING TRADE IN BITCOIN - TRADE ON SHORT SIDE FOR HUGE PROFITSymbol - BTCUSDT BTCUSDT is currently trading at 68200 My reversal setup has formed in BTCUSDT & I'm seeing a trading opportunity on sell side. Shorting BTCUSDT Futures at CMP 68200 I will add more position if 69000 comes & will hold with SL 70300 Targets I'm expecting are 65920 - 63300 - 60875 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Short
by akshit_official
3
GOLDEN OPPURTINITY FOR BITCON INVESTORS BIG BREAKOUT COMEINGGOLDEN OPPURTINITY FOR BITCON INVESTORS BIG BREAKOUT COMEING BITCON SHOWING A GOOD UP MOVE WITH BIG BREAKOUT SINARIO DUE TO THESE REASON A. its following a ACCENDING triangle 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 pattern neckline 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 D. rapid increaseing in volume shows that buyes are showing intrest to buy so it will be a life changeing oppurtinity for investors 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
CRYPTO:BTCUSDLong
by tradergyan01
Bitcoin is headed to 52000? Most probably YES!Symbol - BTCUSD CMP - 63017 The recent swings in BTC confirms the bearish market structure. After the 59K retest, the price rallies 7%. There is no technical or fundamental explanation for this price behavior - 6K down, 4K up, 5K down, 4K up within just 12-15 days. Bitcoin is still trading within a sideways range of 65K - 52K. The last resistance retest ended in a false breakdown and a price drop of 11% to 59K. Also, the local change of the market character (price confirms the downtrend) to bearish and formation of the downtrend channel. Emphasis on resistance 63400, 64130, 65000, possible retest or false breakdown followed by downside realization as we still have not reached the key liquidity zones. Important Resistance Levels as of now : 63400, 64130 Important Support Levels as of now : 61320, 59000 The price is testing the resistance zone as part of the rally. There is no accumulation or technical potential to overcome this area for further growth. Within the bearish trend, the buyer does not show dominant signs and with high probability it will be stopped in the key zone. A reversal and decline to the lower zone of the sideways range is possible. P.S. : My short position is open & I will add more position at mentioned resistance levels. Targets for this short position will be 57800 & 52500.
OANDA:BTCUSDShort
by akshit_official
Bitcoin Swing Long Update & Levels- Bitcoin is currently trading at 61,739$ - Bitcoin has filled my Fair Value Gap, I want to see the reaction and its behavior after this - We can see a Market Structure shift below 57,500 if we witness a weekly candle below that and the structure is going to turn bearish - Watch out for Spot Accumulation around 58,000-60,000$ - Bitcoin can move impulsively from here as well if the War news gets digested and we see markets bouncing back by next week - The first 2 weeks have always been bearish for the overall crypto market so we need to factor in the same.
BITSTAMP:BTCUSDLong
by VKtradesimbalance
Bitcoin 4H Swing Update Bitcoin is currently trading at 62,836 - Bitcoin needs to flip and close above 65,213$ to flip bullish and discover new prices - On the downside, we can soon see 61,300$ getting tested before we move further impulsively - Bitcoin followed my old path exactly the way I had predicted it to follow - Majorly Twitter and a lot of social media outlets were bullish when BTC was trading below 58,000 and that's where accumulation was witnessed and shorts got trapped - Learning: In order to make money in Spot from the crypto market you need to stop doing what the 99% does in order to succeed and then only you will make extravagant money, Q4 & Q1 has always been bullish for crypto according to Seasonality
BITSTAMP:BTCUSDShort
by VKtradesimbalance
2
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:5 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
CRYPTO:BTCUSDShort
by tradergyan01
Bitcoin Worst Case Scenario Setup Update - Bitcoin is currently trading at 53,442$ - Bitcoin followed my 1st path and the second path might be followed too - Bitcoin has only been making lower lows and higher lows which signifies a bearish trend - Overall Price trend is bearish we need a Market Structure shift above 62,000$ to flip the trend and get bullish again - Be cautious and avoid leverage and adding longs and short for now before you see a clear trend - Spot buying is fine but at the same time prefer to sit on hands
BITSTAMP:BTCUSDLong
by VKtradesimbalance
BITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH SEPTEMBERBITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH MONGTH SEPTEMBER In day timeframe chat a rectangular structure is showing on bitcoin And it’s already breaked the rectangle support zone So according to the data the current structure showing The overall September market should must be bearish due to Technical analysis The fall should be a huge fall It must be 13000 point fall due to The support zone at 43.700 So invested and trader be ready a huge fall is going to occur soon in bitcoin
CRYPTO:BTCUSDShort
by tradergyan01
2
BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 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
CRYPTO:BTCUSDLong
by tradergyan01
1
A decending triangle patterns showing on BITCOIN A decending triangle patterns showing on BITCOIN A short term 15m tradeing setup showing on BITCOIN Selling setup With a risk reward ratio of 1:10 The setup giving clarity to selling because in longterm it's a Down TREND Also in a pick top lable And forming a DOWN setup So according to the combine results of 15minit 1hour and daily  chat And the short term setup All are of them indicating the same SELLING SETUP Also cryptocurrencies are follows priseaction in a good way Follow for more please don't use more than one percentage of your capital Follows risk reward Tradeing rules And be deceplened Try to be a better trader Love you all❤️
CRYPTO:BTCUSDShort
by tradergyan01
1
BTCUSD SHOWING A GOOD D UP MOVE WITH 1:10RISK REWARDBTCUSD SHOWING A GOOD D UP MOVE WITH 1:20RISK 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
CRYPTO:BTCUSDLong
by tradergyan01
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 $57,864.53 for potential bounce or continuation points. Stay vigilant, and may your trades be as fruitful as a bull market in full swing! Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
COINBASE:BTCUSDShort
by TRADING-NASA
IS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEWIS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEW when we look in day chat bitcoin showing these thing. 1. first of all its break a trend line shown on chat 2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap 3. its also breaked the all support lines there is no resistance so it will fall a lot with out any doubt 4. here buyers are ready to buy but showing a huge downward pressure it gonna trap her and fall a lot 5. volumes are also showing far more fall overall mening is .. i want to ask you 2 question 1 ask youself Q1. is bitcoin time over Q2. what is your opinion in this longterm setup just comment below im waiting for your comment. and last JAY JAGANNATH . when we look in day chat bitcoin showing these thing. 1. first of all its break a trend line shown on chat 2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap 3. its also breaked the all support lines there is no resistance so it will fall a lot with out any doubt 4. here buyers are ready to buy but showing a huge downward pressure it gonna trap her and fall a lot 5. volumes are also showing far more fall overall mening is .. i want to ask you 2 question 1 ask youself Q1. is bitcoin time over Q2. what is your opinion in this longterm setup just comment below im waiting for your comment. and last JAY JAGANNATH
CRYPTO:BTCUSDShort
by tradergyan01
Bitcoin Retracement Loading - Bitcoin is currently trading at 67,100$ not even 20% down from its All-Time High but Altcoins have already retraced more than 20-30% - I have marked 2 Important Point of Interest and it may help you guys more from a reference perspective to exactly where how much more could Bitcoin fall - 58,000-60,000 looks like a Magnet to me - 52,000 looks like something that can make Bitcoin's next move the biggest impulsive move ever seen - Do not invest Blindly if you don't understand the schematics and the risk involved in Crypto Currencies
Short
by VKtradesimbalance
Double Top Patten Or Poll And Flag Patten in Bitcoin What do you think? It's A Double Top Patten Or It's a Big Trap (Bitcoin) After a Strong breakout of 27,000 Flag patterns with volume. Bitcoin easily achieved the 31,456 level in just 4 days this is a 2023 new High of bitcoin. 📢What is the next movement of Bitcoin? As is shown in Bitcoin Chat Last Recently when the "Poll and Fleg" pattern breakout there are Two levels where the price will go... 1️⃣First Price Level 31000 the top of the poll and flag pattern 2️⃣Second Price Level 38000 According to the poll hight So, Bitcoin achieved 31000Level, and Now it was stuck at (31,450 to 29,530) in this whole week. As we show other Markets were going down like Indian stock, Gold, and Forex market. But in the case of Bitcoin, I thought its a "Distribution Zone" Or The second scenario is buyers are booking their profit. Because in the Daily chart, bitcoin was not close to any candle above the 31,000 level this show that This is a "Double Top Patten" is making... ??? What are you think about it let me know in the Comment or Reply section!!!!
by Mohit-Soni