BTCUSDT sell it nowBINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BITCOIN is looking down now, let BOOM the sell Shortby TheFuturevipUpdated 10
BTC will rebound upwardsYesterday, the price fell after rising to around 71760, and did not continue to set a new high. Today, the price rose to around 70800 and encountered resistance, then rebounded and rose, reaching a high point around 71600. The price fell again after encountering resistance at 71600, but the price encountered a large downward resistance near 70800, and the trading volume increased sharply, indicating that there is a large resistance in the 70800-71100 range. From the daily chart, BTC is still in an upward trend. Trading suggestion: Buy when the price falls back to the 70800-71100 range, with a target of 71700-71900 The above trading suggestions are for reference only, and I will update the market analysis in my guidance group at any timeLongby q4yrf4Updated 10
FOLLOW THE PATTERN with BANK ENTRY’S reads target $78,586Halving has been followed but with different volume. 1. White zigzag: History 2. Yellow zigzag: History vs what comes next 3. Green vertical lines are my bank entry’s, second I’ve already had added to one of my other ideas. 4. Same dip after bank purchase and right after the small dip, same uptrend. Power of regression trend says it all. Longby The_ForexX_MindsetUpdated 8831
Breaking $72,000 as a Catalyst for a Surge to $180,000+As we closely monitor Bitcoin's price movements, a critical resistance level at $72,000 stands out. If Bitcoin successfully breaks through this barrier, it could signal the beginning of a significant upward trajectory. The implications of surpassing $72,000 are substantial, potentially driving momentum that propels Bitcoin to new all-time highs. Reflecting on historical trends and market cycles, it's evident that Bitcoin is on the verge of entering a new bull market phase. Analyzing the patterns and growth from previous years, there are compelling indicators suggesting that Bitcoin's next peak is on the horizon. I anticipate that we will see Bitcoin's value soar between April and September of 2025, reaching levels above $180,000. Several factors support this bullish outlook. The increasing institutional adoption, growing acceptance as a store of value, and technological advancements within the blockchain space all contribute to the potential for significant price appreciation. Moreover, the macroeconomic environment, characterized by inflation concerns and a search for alternative assets, further bolsters the case for Bitcoin's continued growth. In conclusion, breaking the $72,000 mark is more than just a price milestone; it could be the trigger for a substantial bullish run. With the potential peak projected between April and September 2025, reaching above $180,000, Bitcoin's future looks exceptionally promising. Investors and enthusiasts alike should keep a close eye on these key levels and prepare for the opportunities that lie ahead in this dynamic and evolving market.Longby cryptomaki224
$BTC supply crash: fairy tale, the untold story."Bitcoin price is set to skyrocket in the near future, claims an analyst on X. The analyst pointed out that the supply of BTC on exchanges has crashed." There is this common misconception that because the number of Bitcoins held on exchanges is getting lower every passing day, this will create a supply crash and push Bitcoin to the moon! Actually, if you scratch the surface, the opposite is likely to happen. Historically, after the halving, the division by two of the number of Bitcoins mined has done exactly that. After a period of time, the demand exceeds the supply, creating a massive bull run. But this cycle in 2024, everything is different. Most people only see the superficial aspect: yes, there are fewer Bitcoins available for trading. But what they forget to mention is that in this cycle, a lot of the supply is held by governments and agencies, outside of the market. Let's summarize the situation. As I am writing, there are 2.8M Bitcoins on the exchanges. However, outside the market: - 210,000 CRYPTOCAP:BTC are held by the US government. - 200,000 CRYPTOCAP:BTC are held by Mt. Gox litigators. - 136,295 CRYPTOCAP:BTC are held by an unknown wallet. - 285,105 CRYPTOCAP:BTC are held by GBTC, and many anonymous addresses who can sell at any time. That means at least 700,000 BTC are held by institutions and government agencies and are about to be sold. The big difference with this 2024 cycle is that: - The ones who own these BTC do not care about the price. They are not traders but rather employees with obligations to sell when required. - About 40% of the available supply is not in the market and therefore will have to be sold. Today, CRYPTOCAP:BTC dropped 2%, with about 2,000 CRYPTOCAP:BTC sold on Binance. Imagine if one of these entities sold 10,000 CRYPTOCAP:BTC at once? My point is that the normal CRYPTOCAP:BTC cycle is totally invalidated by this supply of $BTC. Their sale will affect the price of CRYPTOCAP:BTC negatively, at least until the demand catches up. The sale of these BTC might create a panic sell from the ETF issuers, which would wreck the whole crypto space for a while. Conclusion: the supply crunch will not happen. Instead, these institutions will increase the supply by selling their holdings on the market, negatively affecting the price of Bitcoin. It is even possible that the bull market could be canceled if too many of these CRYPTOCAP:BTC are sold, nullifying the halving effect and creating a never-before-seen early bear market. by CryptoNikkoid334
short BitcoinWarning sign for bitcoin, reaching the top resistance, no signal for buying volumn yet, do not long, stay alert, slightly short, management the risk, good luck.Shortby Gilbert0967113
BTC: Bullish market structure. Support retest before the rally Bitcoin is declining as localized negative sentiment prevails in the market. A small shakeout and liquidation will allow the big player to gather liquidity faster before further growth I'm keeping an eye on areas such as: Rising support line Support 64589 Support 66500 Strong moves are much easier to stop than if price approaches support slowly. Accordingly, the most probable scenario is a rebound in the form of a false breakdown These zones are a pool of huge liquidity and a false breakdown could be formed at the low before price heads towards 71566 with a view to breakout and further rise towards 80KLongby Gold-Tech223
Bearish reversal off swing high resistance?Bitcoin (BTC/USD) is reacting off the pivot which has been identified as a pullback resistance and could potentially reverse to the overlap support. Pivot: 71,477.74 1st Support: 68,759.92 1st Resistance: 73,069.60 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets9
Bitcoin in the short and mid term 2According to the previous analysis, Bitcoin reached the range of $70,000. (With the difference that he omitted the first short wave.) It can now move towards the $62,000 target and have another bullish wave before a heavier fall, with a slight possibility of crossing the ceiling (orange scenario). The ultimate goal of this analysis is for Bitcoin to fall to the $27,000 range in the coming months. @JalilRafieefard June 4, 2024Shortby JalilRafieefardUpdated 116
Where do you think this is going?Where do you think this is going? Is there any reason to believe it won't at least get to 120k? Where would it go if you do a measured move on log scale?Longby ChartsFascinate112
POTENTIAL BITCOIN LIFECYCLEHello all, Sharing with you today is a potential long-term view on Bitcoin which should be of great help in making strong long term investment trading decisions. Considering November 2013 action where Bitcoin achieved a peak of 1116$, this high followed immediately with about 426days (About 1 Year) of bear market which gave out almost 86% drop from the then ATH this drop ended in the month of January 2015. Then immediately after the achieved low of January 2015, price begin to rally again which break the previous ATH (1116$) and reached a new peak at exactly 1065days (2yrs, 9months) after with 19817$. This peak was achieved in December 2017. Exactly after the new peak BTC took a massive dip of about 85% again to reach a new bottom within a duration of about 396days (About 1 Year) of Bear market. The drop ended in the month of January 2019 which make the January to be a special month from my research. After, the achieved bottom of 3081$ in January 2019, Bitcoin price begins to rally for a new ATH again, which break the previous high. This rally so far had taken about 1035days (2yrs, 8months) with a fresh ATH of 69270$. This ATH was achieved in November 2021. ASSUMPTIONS FROM THE ABOVE The correction of price From Nov 2013 (Peak) TO Jan 2015(Bottom) = 426days with 87% drops The correction of price from Dec 2017 (Peak) TO Jan 2019(Bottom) = 396 days with 84% drops Therefore, Correction from current ATH of 69k is expected to take at most 396days or less. Considering the rate of adoptions of Bitcoin, then the value of the current correction will be lesser to that of previous dip values. Thereby expecting max of 80% drop with price of 13800$. Potential End of Correction is JANUARY 2023. This means prepare your long term investment for this period. Next ATH is expected to happen in the next 3years within November to December 2025. Note: Bitcoin will likely not give out a dip more than 80% drop due to lot of Institutional adoptions. MORE UPDATES TO FOLLOW SOON!!! Kindly drop your likes if you find this little write up useful for you. Shortby wesladUpdated 3535316
BITCOIN (BTCUSD): Important Decision Ahead ₿ Bitcoin is currently testing a wide daily resistance cluster based on the all-time high. Because the long-term trend is bullish, there is a great chance that the market will break it and update the high. A daily candle close above the underlined structure will confirme the violation. Bullish rally may continue then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader118
Bitcoin - Upside potential of 22% to 38%I'm looking at the Elliott Wave structure here and using the Fibonacci retracement and projection tools to determine the most likely resistance zones. Why? Because it's clear by now that price is consolidating and a new move higher is about to come (depending on your trading style, the rise has already started). So, I don't think the question here is IF bitcoin will go higher but rather WHEN. Chances that this will collapse before we see a new high first are low in my humble opinion. (low =/= zero, so always use a Stop loss!) (Personally I bought BNB yesterday which in hindsight was not a bad idea, 🍀! ). So, back to our upside targets. First off though, The measures shown here are valid ONLY IF my minuette (blue) wave count is correct! I'm being cautiously bullish and assuming the blue wave count being an impulse with an extended wave (i) of 96% increase and a wave (iii) being 78%. For those that don't know, the Elliott Wave theory has some very simple rules and guidelines and one of them is that wave 3 can never be the shortest, meaning it can not be shorter than wave 1 AND wave 5! (don't worry about wave 2 and 4 for now). So, by respecting that rule we can assume that wave (v) must no be more than 78% otherwise this wave count is incorrect and we have to consider a more aggressively bullish view. (look at my previous post about Bitcoin). So, in that case, the wave count gets invalidated if price goes above 108k. By measuring different lengths of current rise using the Fibonacci projections and retracements, we get some cluster zones where different measures come together. Those zones, we can expect, are the most likely to act as resistance and that price will slow down and consolidate or simply reverse from those. (Remember, support and resistance levels are always hypothetical, we can only be sure once they are established!!!) Here, according to my measures, the most likely levels are and . For those who like it, by also studying the expected rise on a smaller time frame coming days, (remember, markets are fractal), we can again use the Fib measures to better pinpoint the potential reversal zone(s) of the move. Depending on your entry, risk appetite and simply your trading time frame, consider it for yourself if micromanaging the position is worth it. Thank you for reading my post, hope it's helpful. PS : sorry if the chart isn't very clear, I'm on the road and don't have my computers with me but wanted to still share my opinion on this one. PS : Longby ElliottWaveBelgium441
BTCUSDBitcoin'de geriye dönük bi akümülasyon gelebilir meshur direnci kırmakta zorlanıyor 3lü tepe yapıldı, islem fikridir %2den fazla risk almanız önerilmez. YTD. Shortby SeniorAnalystTr111
BTC BULL CYCLE FORENISCSBTC BULL CYCLE FORENSICS Dissecting previous BTC cycles to develop a roadmap for what is to come -- Chart originally prepared February 2024Longby xx13377
June 10 Bitcoin Bybit chart analysisHello 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 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 youby BitCoinGuideUpdated 8
BiTCOiN $16,720 | Jan 2, 2023 Mon | Day 1 to Halving 2024++welcome to the darkside again fellas it greens after a year of FEAR PAiN SUFFERiNG and ANGER and OGs as always get volume just like how Jack Dorsey DCAS $5k every week at sub $8k for 12 months the annual CANDLE or Price Action never cease to reward those who buy the FEAR or below the STOPS bottoms of the crowd wait for that WiCK and press the BUY BUTTON eye on key levels and good luck note: a year in crypto is 3 years in the real world and 2022 however felt like 5 years for some funny reason by senyorUpdated 131350
Still watching for 74.5-75K targetMorning folks, Mostly this idea is a continuation of the previous one, but there I've put too many updates already. So let's make the new one... BTC also was hurt a bit by NFP numbers on Friday but not as strong as EUR or Gold market. We suggest that it keeps bullish context valid. Besides, we've got bullish grabber on Friday as well. Our nearest upside target remains the same - around 74.5-75K area. The trades that you could make here are depend on pattern that you would like to follow and personality. Speaking about big reverse H&S - nothing has changed here. You could wait for 63-64K area where the right arm should be formed, you apply gradual accumulation of the position. Since we had bearish reversal session on Friday, market could move slightly lower and if you're aimed on the butterfly, you could wait for slightly deeper retracement. Finally the grabber - if you want to trade grabber then you need to buy right at current levels. Or you could combine it with butterfly trading as well... THey have just slightly different stop levels. So, choose your poison. :)Longby Sive-Morten6
Bubble AI Nvidia.Stock ATH... Warning.. Be careful. I'm out of the market and i'm waiting now under the sun and with coktail. by YuyuCoyotte110
Potential outcomes to prepare forI am still bullish on Bitcoin at this range. Coinbase is selling hard here, but there is strong support in this region. I believe there will be a transfer of coins from the active sellers to the passive buyers. Once they are done selling, I believe price will remain above 63k, and there will be a final break of resistance into a true breakout. However, if price does drop below support / consolidation is bearish, this idea will be invalidated.Longby r90000110
BTC /Monthly !!!!!!mart money concept analysis: Don't get caught in whale traps. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the authorShortby IQgroups111
BIG SHORT ON BTC!!!!!!!!!!A hidden bearish divergence is printing on the daily btc chart which means a trend (bear) is likely to continueShortby YassCapUpdated 4412