BTCUSD Daily setupIn the BTCUSD daily setup, we anticipate the price to sustain its current trend in alignment with the higher timeframe trend. Our focus is on buying opportunities from the daily Order Block (OB) with confirmation signals on the 15-minute chart.Longby albii_senpai1
Bitcoin Price Halts Near $67K: More Correction On the Cards?Bitcoin Price Halts Near FWB:67K : More Correction On the Cards? Bitcoin found itself struggling in a range with $72K as the resistance zone and FWB:67K as the support zone. The key reason for Bitcoin struggling can be attributed to post-halving capitulation by BTC miners. Bitcoin has suffered rejection from the upper supply of $72K and has slipped near the FWB:67K for the second time this month. The BTC price has found itself stuck in the range formed and has been struggling to find a clear direction. At the time of writing, the Bitcoin price seemed to be stabilizing near the lower boundary, recording a swift intraday gain of 0.61%. Bitcoin leads the cryptocurrency market with a 54% dominance and 1.32 Trillion market capitalization. Some analysts are attributing this Bitcoin price struggle as the post halving capitulation by the BTC miners. Let's analyze it in detail and try to understand what is preventing the BTC price from rising towards new highs. Why is Bitcoin Price Struggling? Despite the positive trend in the equity markets, Bitcoin is struggling to gain any significant upward traction this month. This lack of momentum in BTC price can largely be traced back to the effects of the recent halving event that happened in April. Moreover, The halving has led to a situation where miners are facing increased operational costs while the rewards for their efforts have decreased. As a result, many miners are forced to sell their BTC holdings to cover expenses, leading to a substantial increase in the supply of BTC in the market. Marathon Digital, the largest #Bitcoin mining company, sold 1K CRYPTOCAP:BTC yesterday, likely to cover expenses, marking the highest daily OTC volume since late March.h/t @jjcmoreno pic.twitter.com/jM2C2TN8sN— Ki Young Ju (@ki_young_ju) June 11, 2024 Recently, Marathon Digital which is the largest Bitcoin mining company sold 1K Bitcoins, likely to cover their expenses. The selloff marked the highest daily OTC transaction volume since late March. What’s Next For Bitcoin? In the recent sessions, Bitcoin has found itself stuck in a range of $72K to $67K. the BTC price is unable to decide a clear momentum as of now. The $72K level has been acting as a strong hurdle for the bulls to surpass. Few analysts are anticipating the formation of a local top while others are foreseeing it as a buy on dip opportunity before the price lifts off. Currently, the BTC price may maintain its consolidation until it is stuck in the range. Now, a breakout or breakdown may indicate a clear direction. The breakout above the $72K may push the price towards the record highs. whereas, the breakdown below may validate the local top formation may price may correct more. Conclusion. Bitcoin price is oscillating between FWB:67K (support) and $72K (resistance) and has been unable to find a clear trend as of now. The recent halving event in April has increased miners' operational costs and decreased rewards causing them to sell BTC which has resulted in an increased supply. Marathon Digital's sale of 1K Bitcoins exemplifies this pressure. Moreover, the analysts are split, with some seeing a potential local top while others viewing it as a buying opportunity. The market awaits a decisive move: a breakout above $72K could signal a new high, while a drop below FWB:67K might suggest further corrections. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. Longby Ritika_TCR2
Bitcoin Bybit chart analysis June 12Hello 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. The CPI indicator will be announced shortly at 9:30 AM. There are two issues with the FOMC US interest rate announcement at 3 am. I think I just looked at charts all day today. Because the strategy is too broad It's difficult to explain in detail, but From Nasdaq to Tether dominance I created today's strategy based on time zone fluctuations. Also, at the bottom left Purple Finger $66795.5 was entered yesterday, June 11th. This is the entry section for a long position, and it is connected to today’s strategy. *Sky blue finger movement path Two-way neutral Long -> Short -> Long switching strategy 1. Chase buy at $67760 / Stop loss when the green support line is broken 2. Short position entry zone of $69,429 / Stop loss price when breaking the pink resistance line 3. Long position switching at $68,700 / Stop loss when the purple support line is broken. Long position targets are listed in order at the top. Top section $69,900 1st -> Good 2nd -> Great 3rd This is an important indicator announcement, so the reason for pursuing a catch-up purchase strategy is After difficult analysis This is because you may miss the entry point. Rather than aiming both ways, I think it would be better to focus on returning long positions. Section 1 at the bottom slopes upward to the right. Section 2 may be extremely lateral. There is a possibility of further decline after tomorrow. 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 youby BitCoinGuideUpdated 10
Bitcoin Price Slips Near $66K Amid Fed Rate Decision: What's NexBitcoin Price Slips Near $66K Amid Fed Rate Decision: What's Next Bitcoin Price declined over 3.32% yesterday, retracing the $66,000 Mark. The price drop seemed to be largely constrained by the anticipation of Federal Reserve data and key inflation data. Bitcoin price fell sharply yesterday, retracing the $66,000 Mark again this month. This downturn in the broader cryptocurrency market appears to be influenced by the anticipation of an upcoming Federal Reserve meeting and the release of crucial inflation data set to be released today. Bitcoin witnessed wild swings in the recent sessions rising from FWB:67K in the beginning of this month to a $72K and again falling back to $66K. While the long term trend still points to the bullish side, some analysts anticipate the formation of a local top near the $72K level. Let's analyze how BTC could react to this event and where the price may lead. Can Bitcoin Recover Like Earlier After the Event? A user on X (Twitter) back tested the price movements in this year before and after the FOMC and found that the BTC experienced a price dump before the event and has recovered it quickly post the event. this is a scam dump.there have been 4 FOMC's in 2024every single one of them had the same scam dumpBTC dumped 10% in the 48 hours before all of them on FOMC day it recovered the entire movethe market always prices in overly bearish statements, then reverses pic.twitter.com/oFa801csND— gumshoe (@0xGumshoe) June 11, 2024 In his tweet, gumshoe mentioned that there have been 4 FOMC's in 2024. Bitcoin price dropped nearly 10% just a day or so before the event. However, on FOMC day it covered the entire move. He named it a scam dump as the BTC price fell before the event, manipulating the short term traders and then recovered back. Bitcoin Price Retraces 50-Day EMA Over 1-D Timeframe Bitcoin seemed to be stabilizing near the 50 day Exponential moving average after a sharp crash yesterday. The long term trend outlook still lies on the bullish side which may attract the investors at the discounted price. Moreover, the key EMA of 50 days may act as a dynamic support and try to prevent further downfall. the short term trend points to be range bound with the $66K as the support and $72K as the resistance. Now, until the BTC hovers in the range it may continue to remain in a short term sideways trend. The breakout or breakdown of the range may indicate a clear trend. Conclusion. Bitcoin price dropped yesterday, revisiting the $66,000 mark amid expectations of a Federal Reserve meeting and key inflation data. Despite the recent price correction, the long-term outlook seemed to be bullish. A Twitter analysis suggests a pattern of pre-FOMC price drops followed by quick recoveries. Currently, Bitcoin is hovering near the 50-day EMA, which could serve as support. the short term trend outlook suggests a range-bound between $66K and $72K. A decisive break from this range will likely set the next clear trend. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. Longby Ritika_TCR2
Khela hone wala haiBTC is a lucrative trade, but it carries some risk as it can impact liquidity and then reach the target, so exercise caution.by vkfincare09Updated 5
HUGE BULLISH SIGNAL FLASING FOR BITCOINHey friends! Today, I've got an exciting idea about BTC. On the weekly time frame, BTC has clearly formed a bullish pennant pattern. If you observe the daily RSI, it has reached the oversold area, sweeping all liquidity from the market. The weekly RSI is also around the 50 level, indicating a potential bounce with hidden bullish divergence. This suggests a strong upward movement with a target of $106k! 🚀💰 #BTC #Bitcoin #Crypto #BullishPennant #RSI #HiddenBullishDivergence #CryptoTrading #TechnicalAnalysis #CryptoInvesting #MarketUpdate #CryptoMarket #BullRun #BTCto106kLongby crypto_vulture_signals0
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update Weekly Chart Analysis: Order Block (OB) 1: $42,000 - $38,000 First Fair Value Gap (FVG): $47,557 Order Block (OB) 2: $28,000 - $26,400 Second FVG: $33,802 Potential Scenarios: We could see a fill of the first OB and FVG before a new upward rally. Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000. Spot Entry Levels: Entry 1: $47,600 - $41,600 Entry 2: $33,900 - $27,000 Targets: $100,000 / $150,000 / $180,000 This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally. Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice. Stay alert and trade wisely. Shortby CryptoPatel0
Bears Appear More Dominant Over The Daily Chart?At press time, the BTC has traded at $61183..2 with an intraday decline of -3.16%. The price action looks weak and in favor of bears. The BTC has breached the upward-faced trendline and has reached the earlier retested key support of $60.278. Thus, further advancement in the bearish pressure could lead the price toward the next major support at $56,393. Longby Sam_TCR0
BUY NOW BTCUSD 61100, SL 60800 TGT-62700 BUY NOW BTCUSD 61100, SL 60800 TGT-62700 and then SELL 62800, SL 63100 TGT-60600 WOW, price down a very long points approx 6000 points, i got a trade Sunday evening but early exit, i didn't stay till 5m chart change of character, price will go up at 62% at 62800 and price than comes down at low level 60600 so first buy and then sellLongby Forex_RajGuru0
Btcusd long position Sustain above 61321 levelBtcusd long position Sustain above 61321 level Upside possible target 62000-62500-63000 invalid 60800 Longby lashkarikartik0
Bitcoin Bybit chart analysis June 21Hello 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 a Nasdaq indicator announcement at 11pm tonight. $63,734 that I left a comment in the afternoon Bollinger Band weekly chart center line retouch has been carried out. I have been coupling with Nasdaq since yesterday. The fortunate part of misfortune is The fact that Tether dominance did not break the previous high point yesterday This is where the short-term pattern is broken. Overall, Nasdaq movements may be the most important, but We created an aggressive strategy without losing momentum. *Sky blue finger movement path Long -> Long re-entry strategy. 1. $63,726 long position entry zone / stop loss when breaking out of the green support line 2. After liquidation of $65367.5 long position Re-enter long position at $64941.5 / Stop loss when breaking out of the purple support line Target in order from Top -> Good -> Great section. in the evening waves In section 1 marked near the green support line You can check the floor. From the bottom to the bottom You may be pushed back up to section 2, so be careful. The orange resistance line at the top is a short-term downward trend line. Pay attention to Nasdaq variables in real time. Thank you for your hard work this week too. Please operate safely with principled trading and stop loss required. thank youLongby BitCoinGuideUpdated 1
GOLD SETUP TRADE WIH 1:10 RISK REWARDGOLD SETUP TRADE WIH 1:10 RISK REWARD A good Buying detected on GOLD It's showing a fall 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 A good Buying detected on GOLD It's showing a fall 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 mataramLongby tradergyan010
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup 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 mataramShortby tradergyan01Updated 1
#BITCOIN #BTC The scenario of Bitcoin's movement doesn't change; I'm still bullish in the same way.by CryptoRishavUpdated 1
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying 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 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 mataramLongby tradergyan010
BITCOINIt could move upwards to test 67486 -- 67951 📈 Rejection from above levels 67486 --- 69648 is possible 📉 📉 📉 As below levels are still pending to test Any daily closing below 64740 then price could fall to 52529 📉 📉 Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises Longby Kilopapa0
BTC Fibonacci trend linesBTC Fibonacci trend line, the main targets are 0.618 and 0.5. Focus on the white trend line. It is the bottom only when it falls to the white line, otherwise it is the top. It takes a long time for the trend-level market price to see the final effect.by ZhongBenCong0011
SELL BTCUSD 65200/65500, SL 65600, TGT- 64200SELL BTCUSD 65200/65500, SL 65600, TGT- 64200 now price given a CHOCH AT 65300, and there is a room to come at 64000, so price may be sometimes will come at 65400/500 so sell again with your 50% lot size in 2 timesShortby Forex_RajGuru0
until it obeys the trendline supportAt press time, the BTC traded at $66167, with an intraday rise of 0.24%. The Bitcoin (BTC) indicators tools are fuzzy due to the consolidation witnessed in the last three months. 200-day EMA is on the bullish side, but 50-day EMA, MACD, and RSI are bearish. Therefore, until it obeys the trendline support, it looks safe and could go $70033 and $73,643. However, if it breaks the trendline since overall sentiment appears bearish, the price could hit near support levels of $60278 and $56393. Shortby Sam_TCR0
Sell BTCUSD 66100, SL 66500, TGT- 65200Sell BTCUSD 66100, SL 66500, TGT- 65200 This time truly i am providing sell in btc, because trend is down and retracement is near 61% at 66500 and price will going down with 5m chart of moving average Shortby Forex_RajGuru0
BUY BTCUSD 67800, SL 67300, TGT- 69500BUY BTCUSD 67800, SL 67300, TGT- 69500 Price down at 67000 and took a support here and in 1hour chart a strong engulfing candle and break its change of character and and a dozi Done. so its make a block order at 67500 and its touch right now Longby Forex_RajGuru0
consolidation observed in the last three monthAt press time, the BTC traded at $67708, with an intraday decline of 0.80%. The indicators are fuzzy due to the consolidation observed in the last three months. The EMAs, such as 50-day and 200-day, are bullish, but MACD and RSI are bearish.Longby Sam_TCR2
Bitcoin BTCUSD buy given at 67500 hold buy trade Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0