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Bitcoin Update on 25.06.2024Bitcoin Update on 25.06.2024 A.O.A And Good Morning to All Brothers and Sisters! Yesterday Bitcoin Dumped Again After i Sent New Supports and Resistance. Here we Have New Support and Resistance. And Last 4 Candles tried To Break The Resistance but without Success. We Are Still Upper Then Second Yellow Line and that means Is Not Confirmed the Downtrend. Actuel Candle Now Try To Break the upper Yellow Line. And If We Close Upper Then That line Daily candle. Then We Can Start Agin With Buy Trades. I suggest to wait till Price break Second Blue Line. Then I Start Giving Buy Signals In Gruop Insha Allah I wish You all Very Nice Day
Long
by MoonTradingForecast
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT The price of Bitcoin is returning to growth amid positive macroeconomic data from the US and a new wave of institutional investor interest in spot Bitcoin ETFs. Currently, the BTC price is moving within a narrow range (65,000 - 72,000), and a breakout from this range will determine the direction of its future movement. At the moment, there is a fourth retest of the descending trendline resistance. To continue the upward movement, the price needs to secure itself above the trendline resistance and overcome the major resistance block at 72,000 - 73,000. This would open the path to a new all-time high in the range of 75,000 - 80,000. Such a positive scenario could unfold between June 7 and June 12, provided that positive inflation data from the US continues to be released. However, the RSI indicator is showing a bearish divergence. If buyers fail to push the BTC price above the trendline and it falls below the dynamic support line at EMA 50 4H, we can expect a local correction. The nearest target for this correction could be the major support block at 65,000 - 68,000, which also contains the point of control (POC) for the value area. If this level does not hold against selling pressure, the BTC price may drop into the Imbalance 1H zone to fill the gaps at the horizontal volume levels. 📉 Bitcoin market global analysis On the daily logarithmic chart, Bitcoin's price has formed a descending wedge pattern. Currently, a retest of its upper boundary is taking place. If buyers manage to secure the price above this boundary, combined with fundamental factors such as a rate cut by the Federal Reserve, it could lead to a new bullish rally, as seen in previous cycles post-halving. Conversely, if the BTC price fails to break out of the wedge pattern, we expect a decline to retest its lower boundary around the 55,000 - 60,000 Imbalance 4H zone. Above the current ATH, there are no resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and analysis of large order clusters in exchange order books. There is a local ascending trendline that has been relevant since November 2023. Its test may occur at the 75,000 - 76,000 level, confirmed by a large block of pending orders. Above this, in the 80,000 - 90,000 range, there is a global trendline built on the peaks of the previous two Bitcoin cycles. There is also the 1.38 Fibonacci extension level. The highest trendline is located in the 1.61 - 1.78 Fibonacci extension range, with its test potentially starting at the 100,000 level. 💠 Analysis of liquidity zones and levels Fear and Greed Index is currently in the extreme greed zone - 78. The total cryptocurrency market capitalization has risen to $2.576 trillion, and Bitcoin's dominance index has risen to 54.58%. According to the analysis of accumulation of large order blocks in exchange order books, the demand and supply zones are located at the following levels: 🟢 Demand Zone: 60,000 - 68,000 🔴 Supply Zone: 72,000 - 80,000 Levels for long positions: 68,000 - Point of Control (POC) of the value area 65,000 - Major support block 60,000 - Psychological support level Levels for short positions: 72,000 - Retest of the trendline resistance 75,000 - Major resistance block 80,000 - Major resistance block 90,000 - Global trendline 📊 Fundamental analysis Institutional interest in spot BTC ETFs has surged again, with an influx of +$1.374 billion into these instruments over the past two days. The crypto community is anticipating a Bitcoin bull rally, which could be sparked by a change in the US Federal Reserve's monetary policy. On June 4, labor market data began to be released, indicating a slowing US economy. When the economy slows, inflation decreases, and lower inflation is a key factor for the resumption of money printing and the growth of high-risk markets, including the cryptocurrency market. The stock market has already reached new all-time highs in anticipation of positive inflation data on June 12 and in light of recent macroeconomic data from the US. However, there are still 4 days left to resolve the issue of the US Treasury redeeming over $10 trillion in government bonds by June 9. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ June 6th, 3:30 PM - US Initial Jobless Claims. ➤ June 12th, 3:30 PM - US Consumer Price Index (CPI). ➤ June 12th, 9:00 PM - New Decision on Federal Reserve Interest Rates. ➤ July 31st, 9:00 PM - New Decision on Federal Reserve Interest Rates. 📈 Statistics of signals from our AI trading indicator: In May 2024, the cryptocurrency market began to recover after correction. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all 6 signals have become profitable, and the built-in Anti-Flat System prevented losses from manipulative market movements. Total price movement by all signals: + 31.16% Maximum price movement: + 14.86% Average price movement: + 5.19%
by TradeINEX
1
Why BTC is going down ?It's evident the sharp decrease of the pair BTCUSDT. i passed the last week identifying the main reason for this new bearish movement. Is it a drawdown or a change in trend ? By simply analysing the trend last 2-moths action, we can identify the a range, between 60.6k and 72.6K. The upper level correspond to the historical HH. The lower bound is a POI and Point of liquidity and a previous resistance, which indicate a heat point for our analysis, double confirmed by the btc liquidation heatmap. The price is still in range and side trending. But the last week shows a new scenario. The uptrend line was broken on June 17th. But was it a fakeout or a sign for a future trend change ? Following our strategy, I came up with the following results: 1. Inefficiency at $63.343 was a liquidity recovery of the sharp bullish candles on May 15th. So we did not remove the fake out option but, the recover of this bearish reached just the intersection between the main uptrend line and the drawdown downtrend line. This not a sign strong enough to recover the hypothetical fake out, even more, is a signal for a next break out. In fact the price dropped 2. The following decrease, from 63.300 to is 60.800 is the recover of POI. The 61k has been seen as a psychological point of interest in the past months, especially after the halving. Right now the situation is this : we have a breakout of the uptrend line. The price wants to consolidate and recover. My last bullish targets are still the same as pre-halving analysis but, the willingness from the sellers and buyers to drop the price is evident, even for the volumetric analysis. So, the missing points now are : - Range between 56k and 52k motivated by : recover of liquidity and inefficiency left from the sharp bullish trend on February 20-29th, last fibonacci targets for the bearish trend and 51k is a particular heated price in the liquidation heat map. All these lead me to think in a possibly price came-back in-between this range. - If we follow the consolidation theory ofBTC price, i considered to more last point where the price will reach before start the huge bullish, because we are still in bullish. The first around 41k, for range and inefficiency left at the beginning of this year, and a POI, very high movement zone, carried from 2021's bullish. The second zone is my last one at 34k, after that i just have another one which i labelled as "if reach here it is default". This zone was highlighted for two main reasons which are more logical and rational than economical. 34k is a psychological point and highly heated. According to the liquidation map, several transaction are on that level, which indicate a future willingness for the users to drawn the price till there, but we will need economical motivation to see a real drawdown till that point. In conclusion, the price will drop, following my strategy, at least to recover and satisfy the 52k range. The next week movements are essential to understand when this could happen. If the range will be broken, it will be a BOS and the price can reach that level with-in one month or less. If the price recover, it will indicate the fake out and recover of left behind points, as 1 and 2, and could go reach the first TP over 80k and, after this, drawdown. Its more likely the first scenario. Stay update !
by itsmcasalinii
Bitcoin Update on 24.06.2024Bitcoin Update on 24.06.2024 A.O.A And Good Morning to All Brothers and Sisters! Bitcoin Dropped After breaking my Support and Now Blocked Exactly from Our Yellow Line(Arrow#6). Real Trend Start From Here now. The Yellow Line is Broked with Huge Volume. And That means This Breakout can Be Patent. And As I Said in My Last Analysis Breakout of This Line And Retest Bring The Bitcoin At 50k too. So Hopefully price can Reverse from here. And We can See A Good Bullish Trend from here. Otherwise Get Ready For Sell Trades. Now I Wait Confirmation of Today Candle And Then We Decide What to do. I wish You all Ver Nice Day.
Long
by MoonTradingForecast
#Bitcoin Update on 22.06.2024#Bitcoin Update on 22.06.2024 A.O.A And Good Morning to All Brothers and Sisters Yesterday daily Candle Is Closed Under Zthe Yellow Area And Today Price is Back To Retest it. Till Now we Have All Confirmation for A Downtrend. 64149 is The Mian Point. If Today's Candle Close under that Level. Then Breakout is Confirmed. But if Today's candle Is Close Upper that Level or Even In Yellow Area. Then this Will Be a Fake Breakout. I Mentioned in Chart New Support and Resistance. These can Help Us With Direction. Saturday is Also Very Low Volume. So I think The Confirmation We Can Have Just on Sunday. Again I Suggest to Relax On Weekend. Stay away From Charts For At Least One Day. And zwe See again Tommorow for Next Move Insha Allah. I Wish You All Very Nice Weekend.
by MoonTradingForecast
#Bitcoin Long Term Analysis on Weekly Time Frame According to My Analysis Bitcoin Is Still Bullish Area Until it Don't Cross the Two Yellow Lines. And If Bitcoin Break These Two Lines Then For Me Next Target can Be also 50K. And Exactly for That Reason I Dont Suggest any Buy Trade or Any New Buy Signal In Gruop. And One Important Lesson of Trading What I Learned is, Trading Doesn't Mean That You Have Allays Opened a Trades. Trading is Also Waiting For The Right Moment to Enter In trade. So This Waiting Time What We Are Passing now is Also The Part Of Trading. Be Patience and Dont Lose Your Money In Stoplosses.
Long
by MoonTradingForecast
1
Bitcoin Update on 21.06.2024Bitcoin Update on 21.06.2024 A.O.A And Good Morning to All Brothers and Sisters! #Bitcoin Yesterday Dropped Down After Breaking our Support on 4H TF. And Now Is Blocked by upper side of Blue Area. But the Important thing is The Yellow Area. Price Broked on 4H but on Daily is Still Not Confirmed. If Bitcoin Lose Yellow Area then We Can see A Long Downtrend. Now My Suggestion is to Wait the Confirmation. And Then We Look For Sell or Buy Trades. I Wish you all a Very Nice Day.
Long
by MoonTradingForecast
1
#Bitcoin Update on 1717.06.2024#Bitcoin Update on 17.06.2024 A.O.A and Good Morning To All Brother and Sisters! Bitcoin Try To Break the Resistance Witout any Success. But Just now Closed The Candle under Then Our Support on 4H. That Means Now If Retest. Then Bitcoin can Drop More. Where is The New Low? As I said In My Last Analysis is 64800.. Important is #BTC Dont Break Yellow area And Support 64800. Now I Wait Today Candle Close Again. For Next Decision. I wish you all Very Day
Long
by MoonTradingForecast
Bitcoin 5-day double Fibonacci blueprintBitcoin 5-day double Fibonacci blueprint, the main short-term target price is at the green and white Fibonacci price levels below, and the main long-term target is at the green and white Fibonacci price levels above. Both rises and falls are in this chart. Instead of looking at a single direction, the green and white line prices are used according to different market conditions.Bitcoin 5-day double Fibonacci blueprint, the main short-term target price is at the green and white Fibonacci price levels below, and the main long-term target is at the green and white Fibonacci price levels above. Both rises and falls are in this chart. Instead of looking at a single direction, the green and white line prices are used according to different market conditions.
by ZhongBenCong001
Bitcoin BTC large head and shoulders pattern channelBitcoin BTC large head and shoulders pattern channel, head and shoulders pattern white line: June 2021 is the left shoulder, November 2022 is the head and shoulders, and the left shoulder is expected to appear in 2024. It can be formed by falling back and stepping back to the price near June 2021. Pink channel line: It is the top price resistance line above the long line and also the short-term support line. The green channel line is the bottom price of the decline. There are three color lines. If any color line fails, the other two lines will be valid. It mainly depends on the direction of the white line, and the pink and green channels are auxiliary.
by ZhongBenCong001
1