BTC Bullish Long 71KBullish chart pattern Test: Technical patterns, Trends Longby popularFinance1994552
Sell BTCUSD 68700, SL 69000, TGT-68000/67400 & BUY AGAIN BTCUSD Sell BTCUSD 68700, SL 69000, TGT-68000/67400 & BUY AGAIN BTCUSD 67300, SL 66900, TGT- 69600 PRICE took its own support area with Daily 15M block order and price will comes down and will grab all liquidity so, price will come at 67000 and go at 69600 and overall price will break 73000 and will go up for 83000Shortby Forex_RajGuru4410
Bitcoin Bybit chart analysis May 24Hello 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 no Nasdaq indicator announcement today. There was no short entry position for beats either. The 5-minute bar trend reversal has also been successfully achieved. If the orange resistance line is broken, the short-term downtrend will be broken, but It is a position where it is difficult to rise vertically all at once. There is also a possibility of a sideways move. NASDAQ movement short->long Even the possibility of tether dominance going downhill. After much thought, I came up with today’s strategy. *Red finger movement path Two-way neutral strategy 1. Chase buy at $67383.5 / stop loss when the green support line is broken 2. Short position switching at $69312.5 / Stop loss when the red resistance line is broken 3. Long position switching at $68,007 / Stop loss when the green support line is broken Afterwards, the target for long positions over the weekend is the Good -> Great range. Near the 30-minute resistance line Adjustment may occur immediately at approximately 68K. Section 1 is an extremely lateral crossing. If you can't touch it, if you fall vertically No. 2 -> to the bottom Please pay attention to Nasdaq movements. Margin trading always requires a stop loss. 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 for your hard work this week. Thank you so much.by BitCoinGuideUpdated 337
BTC Analysis A Glimpse into the Week AheadBitcoin Market Analysis: A Glimpse into the Week Ahead Bitcoin's Ascending Path: EMA Strategy Insights As we step into a new trading week, Bitcoin is making headlines once again, hovering at a significant resistance level. Traders and analysts are keenly observing this price action, given its historical context of selling pressure at this zone. However, this time, the story might unfold differently, thanks to the bullish momentum indicated by the rising 20 and 50 Exponential Moving Averages (EMAs) on the 4-hour timeframe. Understanding EMAs and Their Significance Exponential Moving Averages (EMAs) are a popular tool among traders for their ability to smooth out price data and identify trends more quickly compared to Simple Moving Averages (SMAs). The 20 and 50 EMAs are particularly useful in capturing short to mid-term market trends. When both the 20 EMA and the 50 EMA are rising, it typically signals a strong bullish trend. In our current scenario, Bitcoin's price is not just above these EMAs but is also sustaining itself at a resistance level, hinting at potential strength and resilience in the market. Current Market Dynamics Bitcoin Price: As of now, Bitcoin is testing a key resistance level, one that has previously been a hotspot for selling. However, the persistent bullish sentiment backed by the rising EMAs suggests a possible breakthrough. Support Levels: 20 EMA: Positioned at $66,200, this level acts as the first line of defense for the bulls. 50 EMA: Positioned at $64,680, this level serves as a stronger support and a crucial line in the sand for maintaining the bullish outlook. Strategic Approach: Buy on Dips Given the strength of the rising EMAs, a prudent strategy for the week would be to adopt a "buy on dips" approach. This involves looking for opportunities to enter long positions when the price pulls back to either the 20 EMA or the 50 EMA. These EMAs are expected to act as immediate supports, providing a cushion for the price to bounce back. 20 EMA: Buying at this level can be a good strategy, as it represents the initial support. 50 EMA: This level offers a more robust support and serves as a critical invalidation point. If the price dips below the 50 EMA, it may signal a potential shift in trend, making long positions less viable. The Dynamic Nature of EMAs It's essential to remember that EMAs are dynamic and will adjust as new price data comes in. Therefore, continuous monitoring is crucial. Traders should keep a close watch on the evolving EMA levels and the price action around these zones to make informed decisions. Conclusion: Navigating the Bitcoin Waves As we navigate through the upcoming week, the interplay between Bitcoin's price and the EMAs will be pivotal. While the current bullish setup looks promising, it's vital to stay agile and responsive to market changes. By keeping an eye on the dynamic support levels provided by the 20 and 50 EMAs, traders can position themselves strategically to capitalize on potential upward movements, while also being prepared to adjust their stance if the market narrative shifts. Happy trading, and may your Bitcoin journey be prosperous! 🚀Longby rakeshreddymUpdated 1131
Bitcoin Edges Toward Breakout: Are All-Time Highs in Sight AgainBitcoin Edges Toward Breakout: Are All-Time Highs in Sight Again? Bitcoin is poised to overcome the recent $70,000 barrier, setting the stage for a potential new all-time high. The rising count of active addresses signals a surge in user participation within the Bitcoin network. Bitcoin over the daily chart appears to be gathering momentum following a brief consolidation and subsequent breakout. This pattern suggests the conclusion of a corrective period, potentially ushering in a new bullish cycle. At the time of writing, Bitcoin was exchanging hands close to $69,114, experiencing a modest intraday decrease of approximately 0.25%. Additionally, the growing number of active addresses hints at an extended upward journey for BTC. Let's analyze it thoroughly and try to ascertain Bitcoin's future trajectory. Active Addresses Marks The Increasing User Engagement While other indicators have not shown much change, the count of active Bitcoin addresses has been on the rise over the past week, signaling a boost in user engagement and potentially pointing to increased demand. The provided chart illustrates the Bitcoin price in conjunction with the counts of active addresses over 24 hours and 7 days. A closer look at the chart reveals an uptick in both the daily and weekly active address counts. This growth in active addresses suggests a heightened level of user activity, which could lead to greater demand for Bitcoin. Moreover, Active addresses are distinct addresses belonging to token users who engage in transactions within a specific period. An increase in these numbers suggests that more individuals are actively using and trading Bitcoin, which could indicate rising demand and, consequently, an increase in the token's value. Is Bitcoin Preparing To Surpass Its All Time High? Bitcoin's latest peak reached $73,700, occurring shortly before the halving event. Currently, the BTC price is merely a 7% down from its All Time high. The daily chart indicates that Bitcoin underwent a correction starting mid-April, with over 20% drop, forming a descending channel pattern. However, it has recently broken out of this pattern, suggesting the correction phase might be over. The price trend is now showing higher lows which is a clear indication of a positive trend. The $70,000 mark is the current resistance level; surpassing it could lead bulls to aim for a new all-time high beyond $73,700. Should the price close below $66,500, it could negate the bullish breakout, potentially driving the price down towards $65,000. Conclusion. Bitcoin is rebounding after a consolidation signaling a new bullish phase. Despite other indicators remaining static, the rise in active addresses over the past week indicates growing user engagement and potential demand. Moreover, At the time of writing, BTC was merely 7% down from its All time high. Any sustained move above $70,000 could signal a new peak. Conversely, a dip below $66,500 might reverse the trend, pointing towards a possible decline to $65,000. The overall trend shows Bitcoin's resilience and potential for further growth. Longby Ritika_TCR116
BUY BTCUSD 68500, SL 68100, TGT- 71500 and 76000BUY BTCUSD 68500, SL 68100, TGT- 71500 and 76000 price consolidated at 68500 and its generated a Block order at 68500, its already took 2 times support and 3rd generated a Block order and price is also in uptrend in 1H chart. and also don't confused with it will take resistance at 71500, it will not take Resistance at 71500 it will cross above and will go above 76000, because its a fifth time attempt. HAPPY TRADING JOURNEY Longby Forex_RajGuru114
Sell BTCUSD at 69000 , SL 70100, Target 66100, 64300 , 62500On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader112
BTCUSD - Flag & Pole PatternBTCUSD- Currently showing a Flag & Pole Pattern on a Daily Chart time-frame. Expect a massive rally post breakout.! Keep a watch for entry above 72000 Level. Longby kamyat113
BITCOIN BTC on Higher Highs and Higher lowes formation | 70000$ Hi All, As per Technical analysis on BTC. I think BTC might go in an upward direction as Lower low trend its completed and now its going in upward direction. Now, BTC will touch 70000$ If it break S1 then next support S2. Keep Using SL and always remember below points Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.Longby NaveenTTRUpdated 10
BTCUSD - BITCOIN AT MAKE OR BREAK LEVELS ?Symbol - BTCUSD Bitcoin has climbed higher in recent months on enthusiasm and demand generated by the nearly dozen spot bitcoin ETFs that were approved in January, as well as crypto's next 'halving' event and the prospect of Fed rate cuts this year. But Fed rate cut expectations have been dialed back significantly amid hotter-than-expected inflation prints, which means central bankers look poised to keep rates higher for longer to fight inflation. Markets are now pricing in the fact that the Fed will only cut rates two times or less this year (as of now), according to the CME FedWatch tool. BTCUSD CMP - 62,000 Bitcoin is currently trading & consolidating in a wide range of 61,000 - 72,000 levels. Currently bitcoin is trading at lower range of this channel which is around 61,000-62,000 level. 60,000 is make or break level of Bitcoin as of now. Bitcoin has to sustain above 60,000 - 61,000 for any further up move. On breakdown of these levels, We may see bitcoin coming back to 52,000 - 50,000 levels. On sustaining 60,000 - 62,000 levels and moving up, we may see Bitcoin moving up to 85,000 and even 1,00,000. For me, Sustaining and moving up/breakout scenerio is likely. So I'm taking positional long positions in BTCUSD at CMP 62,000 with SL below 60,000. Incase BTCUSD breaking below 60,000 sustaining & closing below it. I'll close my long position & then I'll look to short it with SL above 62,000.by akshit_officialUpdated 39
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 Longby VKtradesimbalance3
Bitcoin Bybit chart analysis May 27Hello 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 no NASDAQ indicator announcement, and according to the pattern, This is a section with a very high possibility of sideways movement. In the end, it will shoot up or down, I think one wave will be very important. When compared based on bit and tether dominance Assuming that one of the two leaves strongly Looking at the short-term pattern, it is almost similar, but When viewed simply as an Ichimoku balance table, Because Tether dominance is only positive for the 30-minute chart, This is a condition for vertical decline. Additionally, I created today's strategy by substituting the NASDAQ strategy. *Sky blue finger movement path Two-way neutral Short -> long switching strategy or long position waiting strategy. 1. Short position entry zone at $69129.5 / Stop loss when the orange resistance line is broken 2. Long position switching at $68,420 / Stop loss when the purple support line is broken 3. Long position target price from Top -> Good -> Great section Until today, the strategy is to ignore the daily chart MACD dead cross. In case of maintaining a long position It is safe as long as it does not deviate from the purple support line. It is a short->long strategy, but You can first touch the long position entry section at the bottom. Because it is dangerous to break out of the purple support line. Those who are maintaining long positions or waiting to go long should be careful. If it breaks out of the purple support line, I think it would be a good idea to look at section 1 at the bottom in the following order: 66.7K -> Bottom. 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 by BitCoinGuideUpdated 4
Bitcoin Bybit chart analysis May 22Hello 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 tonight at 11 o'clock and 3 o'clock. The beat touched the downside first today and is moving sideways. NASDAQ is also a problem, but it is a place where many variables can arise. Please open your eyes wide and check the analysis. Entered a long position yesterday Section 2, Purple Finger, $69,641 I tried to connect it to today’s strategy. *Red finger movement path Long position strategy 1. After touching the light blue finger in section 1 at the top $70037 long position entry zone / stop loss when breaking out of the green support line At the top, Top -> Good -> Great long position target price. (You can check sections that are not visible by dragging up or down.) #If you fail to touch section 1 at the top, At the bottom, section 2 long position is the last one to wait. Today, the final green support line breaks away. Bottom section, it can drop to the bottom 3 section. Those who entered into long positions yesterday also need to proceed with stop losses. #Courageous people can become the best short shot like yesterday You can try a short shot in section 1. However, the stop loss is individually tight. #Ride sideways to the orange resistance line/green support line So far, I've summarized all the moves that can be made today. I am a daily analyst. I leave a daily analysis post and a review of the results the next day. If possible, I want to continue my activities without a break, but I have an important health checkup tomorrow afternoon. Please understand in advance that I may not be able to do any activities. Even if I'm not there, you can refer to the drawing section I left. I think it would be good. So far , Please note that my analysis is for reference and use only. I hope you operate safely with principled trading and stop loss required. thank youLongby BitCoinGuideUpdated 3
BTCUSD GANN WEEKLY ANALYSIS FOR 22 MAY 2024...BTCUSD has made an new All Time High at 73794 on 11 Mar 2024 weekly candle. The recent major swing low was at 15479 on 21 Nov 2022. Its been a fantastic rise to the new all time highs thereafter. Recently we have attempted to make new highs on 08 Apr 2024 a month after the 11 mar 2024. Again another attempt is being made now at 71958 in this weekly candle. The level on downside to watch was 61403. This level was hit many times in recent past 04 Mar 2024 , 18 Mar 2024 , 08 Apr 2024 , 15 Apr 2024 and 29 apr 2024 with swing low at 56500. This level responds to one of Gann Squares perfectly which gives further levels of 67500 and 78750. On charts the level of 72979 is important. Above which we may go on the next level of 76957. We have a weekly time cycle date coming in at 22 Jul 2024 which will be interesting to watch where we make a ATH till that time. Will it a big dash on the upside needs to be watched. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.by kbr91219652
Bitcoin Bybit chart analysis May 20Hello 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 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 Longby BitCoinGuideUpdated 5
Bitcoin Bybit chart analysis May 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 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 youLongby BitCoinGuideUpdated 2
BITCOIN: Bearish - Double TOP + Rising WedgeBITCOIN: Bearish – Double TOP + Rising Wedge The market could go back down to around $58 000. In addition, detection of a possible double top on Bitcoin which would bring the price down to around $48 000 Watch for the 50 and 200 exponential moving averages, as well as the Ichimoku levels, and RSI. be carefulShortby Le-Loup-de-ZurichUpdated 2225
#BTCUSDT#BTC/USD D1 Technical Analysis: (Market Maker Buy Model) + Rejection from FVG in SMR phase + FVG + OB + Buy Stops draw + Sell Stops sweptby CryptoRishav2
Market trend analysis for BTC on May 22ndThe weekly trend is preparing to initiate a correction phase, however, smaller time frame waves such as D and 2D are showing an upward trend. It's crucial to closely monitor price action and trends on the 1D and 2D time frames to see if they break through the nearest resistance levels, especially around the 74k zone. Scenario 1 (60% probability): If the price fails to break through the resistance levels and forms a structure of lower highs, it indicates that the buying pressure has subsided, and the selling side might regain control to push the price lower, aligning with the weekly trend. Scenario 2 (40% probability): If the price breaks through strongly, it could lead the weekly trend back into an upward trajectory along with the monthly trend. For short-term future trades, I am opening long positions to continue riding the upward trend on the D timeframe. Longby dortheaheimbignerpro1
Bitcoin BTCUSD sell Treade given at 68750 Target 68200 , 67600On 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 JaiPrakashShuklaHarmonicTrader1
Bitcoin BTCUSD sell trade active we can see huge fall in few dayOn 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 JaiPrakashShuklaHarmonicTrader1
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 2-3XLongby VKtradesimbalance5
Bitcoin Support&Resistane levelsObserving a downward channel pattern in the 4-hour timeframe for Bitcoin, with a breakout and subsequent retest indicating a potential continuation of this pattern. Based on this analysis, anticipate immediate resistance levels around 66500 to 66800 to be tested. Additionally, if you measure the length of the channel, it's approximately 8000 points, suggesting a potential continuation of this pattern. it appears that Bitcoin may continue its downward movement in the short term, with resistance levels around 66500 to 66800 being important areas to watch for potential price action. However, it's essential to consider other factors such as market sentiment, news events, and broader market trends that could influence Bitcoin's price movements. Additionally, risk management strategies should always be employed when trading or investing in volatile assets like Bitcoin. Immediate Resistance Levels (66500 to 66800): These levels are crucial as they represent areas where selling pressure might increase, leading to potential price reversals or consolidation. Traders could consider short-term selling opportunities or profit-taking strategies if Bitcoin approaches these resistance levels. Keep a close eye on price action around these levels for signs of bullish exhaustion or strong selling pressure. Support Levels: Identify key support levels within the downward channel where buying interest might increase, potentially leading to temporary price bounces or reversals. Previous swing lows, psychological price levels, or Fibonacci retracement levels could serve as potential support zones. Traders could consider initiating long positions or scaling into existing positions near these support levels, with appropriate risk management strategies in place. by rakeshreddymUpdated 4424