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
BULLUSD trade ideas
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.
Buy BTCUSD 67000, SL 66700, TGT 68000 1000 POINTSBuy BTCUSD 67000, SL 66700, TGT 68000
1000 POINTS
What should i say about this Friday evening, all price will be highly volatile after 30 minutes and there is a NEWS, in 4H chart price is at support and engulfing with yellow candle if candle stick pattern are true than price will go up 68000, if SL hit than wait for Monday
Bitcoin Bybit chart analysis June 13Hello
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Bitcoin 30-minute chart.
There will be two Nasdaq indicator announcements at 9:30 a.m.
After leaving a lifeline behind
Yesterday’s long position switching section
Purple Finger is maintaining $67010.5.
I think it would be too complicated if I explained the strategy in detail.
We will simply go long and die together.
*Red finger movement path
Long position strategy
1. $67367.5 long position entry area / stop loss when breaking away from the purple support line
2. $69,794 1st target -> Good 2nd target
Number 1 at the top is an upward lateral movement.
Starting from number 2 at the bottom is the danger zone.
After the Bollinger Band touched down today
There has been no time to enter a short position yet.
After a downward wave, when it falls to the bottom
You can continue to connect up to section 3 at the bottom.
Those operating long positions should be careful.
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
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
Bitcoin price loses correlation with the stock market On 17 MayOn 17 May, Bloomberg that the price of Bitcoin is at a high level of correlation with the shares of technology companies.
At the time, it was suggested that the main cryptocurrency was perceived as a growth asset, fuelled by:
→ the launch of Bitcoin ETFs;
→ expectation of Fed rate cuts.
But here was yesterday's Fed meeting, where the intention to cut the rate 1 or 2 (if inflation slows down more actively) times before the end of the year was announced. And with that, the Nasdaq 100 index of tech stocks rose to an all-time record of over 19,500 points. Bitcoin's price, on the other hand, is acting less confidently.
As the BTC/USD chart shows:
→ amid yesterday's news of declining inflation, the Bitcoin exchange rate jumped about 3% in 2 hours;
→ and today the price has returned to the levels before the news was released. What's more - it's gone lower. This is a bearish sign.
According to a technical analysis of the Bitcoin to US dollar chart:
→ the price has been oscillating for a long time along the median of the expanding fan, which originates back in November 2023;
→ each time the price deviated from the rising median, it returned to it (as indicated by the arrows) - thus showing that the consensus of market participants regarding the bullish outlook was stable.
Now the situation is changing:
→ having deviated down from the median, the price is having trouble getting back up (as shown by today's decline under the start of yesterday's upswing);
→ the psychological level of $70k is providing resistance;
→ the descending channel (shown in yellow) is becoming more apparent.
This could mean that the consensus is crumbling and there is a shortage of buyers in the market willing to pay more than $70k for the coin. The inability of the Bitcoin price to perform as strongly as the Nasdaq 100 index going forward will support this thesis. I expect a decline to the 1st support line below the median.
Bitcoin Bybit chart analysis June 12Hello
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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 you
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.
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 hit
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.
has been taking support from the trendlineOver the daily chart, Ondo Finance has been riding an upward trendline and registering new peaks each time it has been taking support from the trendline. Since this week, the price has dipped by 12.71% due to a shift in market sentiment, as BTC was down. However, the last two days' candle formation signifies that bulls are attempting to gain ground again for the uptick in future sessions.
Bitcoin Bybit chart analysis June 11Hello
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Bitcoin 30-minute chart.
Tomorrow is the day when the CPI meets on Wednesday evening and the FOMC meets on Thursday morning.
There is no separate indicator announcement from NASDAQ today.
The beat alone continues to decline.
In the long run, Bitcoin is on the rise, but
From a mid-term perspective, just the two of us with Tether Dominance
An endless power struggle continues.
It seems like the direction will be decided tomorrow rather than today.
The section where the rising pattern breaks in tether dominance and
Based on the recovery of Bitcoin's medium-term pattern
I created today's strategy.
*Sky blue finger movement path
Two-way neutral
Short -> Long switching strategy
1. Short position entry area of $67907.5 / Stop loss when the pink resistance line is broken
2. Long position switching at $66795.5 / Stop loss when the green support line breaks away
3. $68,700 long position primary target -> Top secondary target
After a vertical decline in an ambiguous position on the Bollinger Band 6-hour chart
There was no clear short position entry point.
You can operate as a short->long or long position waiting strategy.
If you touch the bottom first, the green support line is $66795.5.
The long waiting period can be in contact with the Bollinger Band daily chart support line.
It becomes a seat.
In that case, it is directly connected to the downward trend line.
Bottom -> You can deviate significantly from section 1.
You must be careful.
Today I shook it moderately.
After connecting after tomorrow, from CPI
I think we need to come up with a new strategy.
It's hard to explain, but as I left a comment,
For beginners or those who only operate spot exchanges,
I think it would be a good idea to run it after CPI and FOMC.
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
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.
Bitcoin Bybit chart analysis June 10Hello
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Bitcoin 30-minute chart.
There is no Nasdaq index release today.
Beat is after touching the support/resistance line on the 3-hour chart.
It's going sideways.
This week's CPI and US interest rate announcements seem to be a very important period.
Based on Nasdaq's upward-sloping protection
Based on tether dominance
We competed in the 1+4 rebound section.
*Sky blue finger movement path
Two-way neutral
Short -> Long switching strategy
1. Short position entry area of $69710.5 / Stop loss when the orange resistance line is broken
2. Long position switching at $69328.5 / Stop loss when the green support line breaks away
3. $70461.5 long position primary target -> Top secondary target
In short->long switching
The cost-effectiveness is not very good.
I created a strategy based on intermediate waves.
If the adjustment is strong at 69.7K at the top,
Section 1 at the bottom (sideways to the right) -> can be pushed to the bottom.
please note.
Also, for those who are currently entering a long position,
Breaking out of the green support line can be dangerous.
You must keep your stop loss.
After reaching the first target
Once the orange resistance line is broken, you can shoot straight upward.
Watch me.
There is a high possibility of sideways movement, and Nasdaq variables may appear.
I hope you operate safely with stop loss required + principled trading.
thank you
UI has followed the decline of BTC The SUI has followed the decline of BTC on the daily chart, in the last seven days from June 11th price-performance was bearish. The BTC Declined by -5.85%, while SUI also followed the lead and degraded by -16.25 %.
At press time, SUI traded at $1.0130 with -a 1.98% dip, while, BTC at $67659 with an -2.65% intraday fall. BTC appears to be approaching the $66150 defense line, if it breaks, the SUI could also lose the $0.90 support level. As Bitcoin happens to be the number 1 crypto by market cap, it impacts the broader market sentiments as well.
Bitcoin BTCUSD sell on rise til 70600 not break 65500 downsideDisclaimer -
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 hit
Bitcoin Bybit chart analysis June 7Hello
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Bitcoin 30-minute chart.
At 9:30 tonight
There is one moderately important indicator announcement for the Nasdaq Non-Agricultural Index.
Even on Nasdaq, the short-term pattern is broken.
In the afternoon, Bitcoin was restored as explained in the details.
6-hour chart MACD deadcross in progress
The short-term pattern is broken.
So, after considering various conditions comprehensively,
I brought a one-way long position strategy.
This is because it is very difficult to explain positions with a high possibility of sideways trading.
I will simply summarize the analysis.
*Red finger movement path
One-way long position strategy
1. $70848.5 long position entry area / stop loss when breaking out of the light blue support line
2. $72446.5 long position primary target -> Good secondary target
Possibility of vertical rise if the purple support line is maintained
Even if we succeed in rebounding today
Because short-term patterns continue to break, NASDAQ
It must be strongly raised and coupled.
The MACD death cross on the 6-hour chart alone is not that scary.
As expected, I think the Nasdaq movement will be important.
Section 1 at the bottom is a section that traverses downward to the right.
If this section is exceeded or damaged, it will be adjusted below the Bottom during the weekend.
It can be connected, so be careful.
If you drag the chart up or down
Resistance line price and
You can check the support line price at the bottom.
If you succeed with today's strategy, this time you will really go to 100 million.
As the sideways movement gets longer, I keep turning into a shepherd boy.
Although it takes a long time
Because the overall flow and movement is in an upward trend,
Don't forget to follow principle trading and stop loss.
I hope you operate safely.
Thank you for your hard work this week too.
Although it's not enough, you're always with me
thank you!
BTC right below some weak resistances. Waiting for liftoff...Be patient. The markets can remain irrational longer than you can remain solvent. BTC is obviously volatile so don't be the house on it.
It's bullish and not hard to see on the chart. Fed meeting this week and then I guess we'll see.
NFA - looking good for a bullish breakout
BTCUSD fall will continue sell on rise 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 hit
Bitcoin now is dropping to EMA25 daily. It's a temporary supportCurrently, Bitcoin is experiencing a decline to the daily EMA25, which is merely a provisional support at this point.
Keep a close eye on the funding rate matrix this weekend.
If there is a substantial continuation of positive funding across the spectrum, it could pose a significant threat to the EMA25 support.
Monthly timeframe looks absolutely bullishThe monthly timeframe appears decidedly optimistic with a breakout and consolidation above the primary supply zone. I believe we have a narrow window of 1-3 months to gather more #BTC before the ultimate surge commences. This could be our final opportunity.
BTCUSD fall will continue sell on till recent high not breakDisclaimer -
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 hit
Bitcoin Bybit chart analysis June 5Hello
It's a Bitcoinguide.
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Please would like one booster button at the bottom.
Bitcoin 30-minute chart.
Based on tonight’s 30-minute chart
There are two indicator announcements at 9:30 and 11:00.
According to Nasdaq flow and Tether dominance movement
I created a strategy.
There's a lot of complicated stuff to explain, so I'll keep it very simple today.
*Red finger movement path
One-way long position strategy
1. $70698 long position entry zone / stop loss when breaking out of the green support line
2. $72446.5 long position 1st target -> Good 2nd target
Section 1 at the top is lateral to the right.
Section 2 at the bottom moves sideways to the right.
From the point of departure from section 2, the pattern is broken.
There is a possibility of further adjustment.
The vertical line on the right is because tomorrow is a holiday.
I have left a drawing based on the daily chart being generated on Friday, June 7th.
If you drag up or down
You can check support and resistance prices that are not visible on the chart.
As mentioned in the Good section,
This is the section where Bitcoin exceeds 100 million again.
After the rebound on Nasdaq today
There is a high possibility that there will be a downward movement.
If this movement is an upward wave, or even if it is only a sideways movement,
The beat can rise strongly.
Please watch to see if Tether dominance is connected to a vertical decline.
Because tomorrow is a holiday
I'll take a break tomorrow and see you on Friday.
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
