BTCUSD 1WBTC ~ Updated
#BTC So far so good. price closed above $59k.
BITSTAMP:BTCUSD Need to maintain this support. losing this support we need to make a bear plan. This is an accumulation area for maximalist bulls.
Bitcoinidea
BITCOIN ( BULLISH ) ( 4H )BITCOIN
HELLO TRADERS
TODAY, the price stable turning level , price of the bitcoin will attempt to touch a support trendline
Tendency the price is a bullish pressure in 60,195
TURNING LEVEL : the price turning level at 60,195 , price braking below this level it becomes reach a support level , but if stable above this level active bullish area
RESISTANCE LEVEL: if the price stable above turning level at 60,195 , the price will rise to 62,677 and 64,089 , stable this level reach to 66,529
SUPPORT LEVEL : the price breaking turning level 60,979 , it will reach the support level of 57,390, stable this level reach to 55,740
CORRECTIVE LEVEL : price will 60,195 , correct itself before long
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* Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
#Bitcoin Urgent Update!#Bitcoin just hit the yellow box, validating this chart with 100% accuracy.
Lesson: Charts don't lie!
$60k is a crucial support level, but there's significant liquidity around the $57k mark.
I've been cautioning against leveraged trading for weeks. If you've dabbled in it, you know the struggle—pain and depression are part of every cycle.
The market often reverses right after you give up on your altcoin bags and close leverage positions at a loss. It's a recurring pattern.
So, I've been advising to stay away from leverage. Even my altcoin holdings are down, and I'm not buying yet. When I do, you'll be the first to know.
Follow for more updates and don't forget to hit the like button if you find my insights valuable.
Thank you.
Stay strong.
WAGMI
#Crypto
Bitcoin Entering A Large Demand Zone- Bounce or Break Down?Hey everyone! It's been a while since I have posted some technical analysis as I have been taking a bit of a break from the markets. But now I am back in the game, it's time to get back to some good ole charting! So now that I am back on that BTC trading grind, it's time to get back to some TA posts.
Bitcoin has been getting pretty hammered for a while at this point. BTC's price is hitting into a large demand zone in the 58K-60K range. We haven't broken the 60K price range yet, and we are showing some oversold conditions with momentum pretty much in the toilet.
The next big demand zone below where we are now is in the 40K range, but I highly doubt that we will break down that low. It's absolutely possible though, so if I were you, I would be safe guarding my stacks until we know for sure, but of course, this is not financial advice. My play is to day trade futures and then stack some cheaper on-chain BTC while the prices are low and lowering average DCA price. I will keep stacking like this until we break above 74K, then I will hold what I have until we top out for the cycle and trade into stablecoins to ride the wave down.
Be watching for a bounce at or around this level, it could be a good chance to go long and make some good profits. Of course on the flip side, we need to be watching for a break down below this zone. If that happens, I am going to be looking at 40K for the next stop as there really isn't much market support below the level we are in now.
Do you think the Wall Street players and their ETFs will let Bitcoin go below 58K? Would love to know your thoughts in the comments!
Bitcoin Market Update - June 24, 2024Bitcoin's Weekly Candle closed bearish, opening at $66,676.88 and closing at $63,210.01 - a decline of -5.20%. This is Bitcoin's second negative close in a row.
Bitcoin Weekly Chart w/ Indicators
Volume Profile Analysis shows that Bitcoin has reached the bottom zone of the High-Volume Node we have been ranging in since achieving a new All-Time High in March.
A Low-Volume Node lies below us, stretching from approximately $60,823 to $52,581. As we have seen many times, price moves quickly through Low-Volume Nodes to seek liquidity in High-Volume Nodes. Thus, a descent into the LVN would shatter any expectations of support until the $52,000 zone.
There are small bumps within the Volume Profile, giving potential Take Profit Targets for short positions or potential bounce zones for quick counter-trend Longs at $59,210 and $57,025.
Price is currently testing the Weekly 21EMA, which served as Support on our last encounter with it the week of April 29th. Following that test, Bitcoin was able to rally approximately 27% to form a higher low within the range.
The Weekly Volume Delta Indicator also shows that while Sell Volume has been and is still dominant, that Delta is decreasing, meaning that Buys were more prominent last week than the week prior. With a fresh weekly candle, this is a metric I will watch closely to gauge the potential for a reversal in price.
Bitcoin 3D Chart
Bitcoin's 3D chart gives us more clarity. Volume Delta has increased over the last three candles, culminating with the highest sell pressure we've seen in over a week. This occurs as we test the 3D 55EMA, which similar to the Weekly 21EMA, resulted in a 27% bounce the last time we came close.
3D Time Transformation is very close to the oversold level, and we are lower than the last registered low of TT on this timeframe back in January of 2024, which was the bottom of the Opening Year Slump.
High sell volume coming into an area of Support often results in temporary reversal of price.
Bitcoin Daily Chart
The Daily Chart shows us in very close proximity to the 200 DEMA, a level that has not been tested at all this Bull Run. Volume Delta shows overwhelming sell pressure that we have not seen since the last "bottom" on May 01 of this year, which again, resulted in a 27% bounce.
Time Transformation is oversold to a degree that we have not seen since the previous Market Cycle Bottom in August of 2023.
Bitcoin 4H Chart
Moving down to the 4H Chart, relevant points are that Time Transformation is oversold, and the previous 4H candle registered such high sell volume that we haven't seen since June 07, which was the Bearish Engulfing candle that began this current downwards trend.
Tether Dominance Chart
Moving to USDT Dominance, we can see that on the Weekly Chart, USDT Dominance is in the process of confirming a Double-Bottom (higher low) or W Pattern, if this Weekly Candle closes at the same price of higher, that will be a successful close above the neckline, and potentially a close back above the 200 WEMA as well.
This successful completion would move USDT Dominance back up to 6.0-6.5% of the total crypto market cap, and serve as a much broader warning for a more-pronounced market correction.
Bitcoin Exchange Flow
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Looking at Exchange Flow, we can see that last week Exchange Inflows dominated, however they decreased in strength as the downtrend progressed. Saturday witnessed a net outflow of Bitcoin, and Sunday saw a very mild inflow of Bitcoin to exchanges.
Bitcoin Miner Net Position Change
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Miners are still selling, however they have begun to decrease their selling volume. This trend has historically led to short-term reversals in Bitcoin's price.
Bitcoin HODLer Cohort Net Position Change
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The HODLer cohort is also selling, and this trend has not slowed.
Conclusion
In conclusion, although short-term price action indicates we have reached an important level of support where selling pressure seems to have reached a climax, there is insufficient buying pressure from the HODLer cohort or clear signs of bullish conviction to justify spot entries into Bitcoin at this point.
Investors should continue to sit in cash, and await more lucrative buying opportunities, and traders should wait for more clear signs of a potential reversal before entering long positions.
bitcoinBitcoin has reached near a support level at $60,000. Both BTC and ETH are now in a support area.
If they bounce back from here and reclaim the 100-day EMA, it will be a bullish sign. Otherwise, we might see a deeper correction.
BTC retested main suport zone hello dear trader and investor
CRYPTOCAP:BTC is currently at $61k
Sitting at the lower end of its range
If you haven't noticed
It has been trading within a range for a while now
This is known as consolidation.
The top of this range is FWB:73K
While the bottom is $60k
my price action on this chart say :
bitcoin retest supourt area and now ready for next move...
my prediction on this chart
90,000 $ is next station ???
stop loss need for any position
good luck mehdi
[LONG] Reputable news sites say BTC is 7 days away from going up**Technical Analysis: Bitcoin (BTC) Daily Chart**
**Current Market Situation:**
Bitcoin (BTC) is currently trading at a critical support level, with the daily chart indicating a high likelihood of a reversal in the near term. The Relative Strength Index (RSI) is hovering around 30, signaling that the cryptocurrency is approaching oversold territory.
**Oversold Conditions:**
The RSI, a popular technical indicator, measures the speed and change of price movements. A reading below 30 typically indicates that the asset is oversold, suggesting a potential rebound. With BTC's RSI hovering around this level, it's likely that the selling pressure will soon subside, paving the way for a potential rally.
**Support Level:**
The last lowest support level was $59,000. This level has been tested on multiple occasions, and a bounce from this $63,100 could propel the cryptocurrency higher.
**Bullish Sentiment:**
Reputable news websites are reporting that a BTC price surge is imminent, with some sources suggesting that the cryptocurrency is just 7 days away from a significant upward move. This bullish sentiment, combined with the oversold conditions on the daily chart, creates a compelling argument for buying BTC at current levels.
**Buying Opportunity:**
Given the confluence of oversold conditions, support at $63,100, and bullish sentiment, now is an attractive time to consider buying BTC. The cryptocurrency's price is likely to rebound from this level, and with the next potential low already established at $59,000, the risk-reward ratio is skewed in favor of buyers.
**Conclusion:**
In conclusion, the technical analysis suggests that BTC is on the cusp of a potential reversal, with oversold conditions and a robust support level at $59,000. The bullish sentiment and imminent price surge reported by reputable news sources further reinforce the case for buying BTC at current levels. With the stars aligning in favor of a potential rally, now may be an opportune time to enter the market.
94K Bitcoin ?Looks like bitcoin is retesting the weekly bull flag structure right now. And this week it has touched Weekly, Daily, and 4 Hours support of the flag structure.
This week BTC close above 64k will be good confirmation of the structure. And next week we might see a pullback to retest current lows and if the bulls take control and break the current channel at daily and H4 level. Then we could see the bull run to continue and reach the height of the flag poll around 94K.
Always analyze BTC and take trades on every other crypto as well. Everything follows BTC.
94K Bitcoin ?Looks like bitcoin is retesting the weekly bull flag structure right now. And this week it has touched Weekly, Daily, and 4 Hours support of the flag structure.
This week BTC close above 64k will be good confirmation of the structure. And next week we might see a pullback to retest current lows and if the bulls take control and break the current channel at daily and H4 level. Then we could see the bull run to continue and reach the height of the flag poll around 94K.
Always analyze BTC and take trades on every other crypto as well. Everything follows BTC.
BITCOIN will deceive sellers and rise to $73,000!Yesterday's inactivity of sellers in the $64500 range gave a chance for a local wave of growth for bitcoin and the entire cryptocurrency market.
⚡️ In our previous idea , we wrote about the failure rate of the $64500 range:
💥 On the 12-hour timeframe, sellers failed to break through the 64500 range for 5 candles. And growth after such a failure should be aggressive.
On the 4hr timeframe, yesterday's weakness of the sellers was well worked out:
The BTC price failed to gain a foothold below the 64800 mark , and the local growth of bitcoin continued.
⚡️ The USDT dominance indicator broke the trend line down:
If the USDT dominance does not rise above 4.9% today, we expect a drop to 4.6%. This is the most modest target at the moment.
The BTC dominance chart has yet to break through the 55% mark. There is a feeling that the BTC dominance nightmare is not over, despite the clear signals of a drop on the daily timeframe:
💎 Therefore, today we expect such feats from customers:
✅Not to lose control of 65100
✅To develop the trend line from June 7 upwards and test the 67300 mark
For now, the main scenario is growth to 70000 and the recovery of altcoins.
💎If you are interested in the forecast of other cryptocurrencies , write their names in the comments!
U.S. Home Price Index (CSUSHPINSA) priced in Bitcoin (BTCUSD) Why do we measure Bitcoin value in the fraud of fiat? Instead, measure it in something that most people want - a home. Here is the average US home priced in #Bitcoin from 2012 to now. House prices are falling for those who save in Bitcoin.
FRED:CSUSHPINSA*1000/BITSTAMP:BTCUSD
BTC - the indicator nailed another turnMy new Impulse Master indicator keeps nailing any turn in BTC
Bitcoin and Global LiquidityWhenever global liquidity increases, this liquidity increase fuels Bitcoin and supports Bitcoin's rise. This pattern has been continuing in the form of a sine wave since 2009. Global liquidity falls at certain times and rises at certain times. Since 2011, global liquidity has been rising in a low-speed trend, exceeding the previous peak each time it rose. Global liquidity, which last peaked in 2022, returned to a slow increase at the beginning of 2023. I think there is currently at least a 100% gap for this rise to be completed. I think Bitcoin will also rise as this gap is filled. I think it is essential for at least a long-term cryptocurrency investor to follow global liquidity closely. While this global liquidity is not meaningful to explain the SP500 or Nasdaq indexes, it appears to be in full correlation with Bitcoin.
BTCUSDT 1WBTC ~ 1W
#BTC We found Important Support on the BITSTAMP:BTCUSD Chart.
If this price is reached, we will make a very large purchase here with our short term target still the same. $80,000 - $100,000+.
BITCOIN is on the verge of a deep fall. What can save the growthBitcoin was unable to continue its growth trend, which began in May through the range of $72000-74000. Buyers were not even able to update the previous local high and were immediately hit back:
Buyers were unable to hold the local range of $68000 to continue the upward wave from May. And the worst part is that bitcoin's decline is happening on small volumes:
The last chance to save the growth trend is the range of 64500-65500 . Right now, the BTC price is approaching a large number of buyer stop orders.
If the BTC price aggressively rebounds from this range and the daily candle closes above $68100, we expect BTC to continue to grow to $72000 and update local highs.
For now, we don't believe in this scenario, as the USDT dominance chart indicates that things may be just beginning:
The chart shows that a market drop of another 20-30% is highly likely. Therefore, in this case, we will consider short positions on bitcoin from the 68100 range.
Why there? Here is an hourly timeframe that shows that from this range, buyers began to slow down the price drop with limit orders:
If we assume that small traders opened short positions in this range, it is quite easy to pick them out.
The target for such a trade is $60,000. This target stems from our previous forecast and will be confirmed when the 64500-65500 range is broken down:
But what about other cryptocurrencies?
Write your thoughts in the comments!
BTC (DO OR DIE SUPPORT)BTC / USDT
After many liquidation cascades in last few days BTC has reached one of most important support in this boring range (109 days !)
The level between 66k-64k is considered to be the mid line support of the big channel
1- If it hold above …A new bullish wave will form and may be even a new ATH
2- If it failed to hold … the price will drop to test the bottom of the channel again
In times like this i call this support is the do or die support
What do u think about BTC next ?
Share with us in comments below ⬇️
BITCOIN's South Journey Bitcoin has formed a strong resistance above 70000 and at the moment the downward momentum is strong.
Its a 1:1 - 1:2 risk reward trade so manage your risk and profits accordingly.
GoodLuck!
Bitcoin Log Channels CRITICALIn the long term, Bitcoin is in a logarithmic channel. The levels of this channel indicate how cheap and how expensive Bitcoin is. The aqua-colored channel represents the exceptionally cheap region that Bitcoin has never entered in history. The yellow channel has always represented times in history when Bitcoin has been cheap. Therefore, if the 62k level is broken right now, Bitcoin will enter the cheap channel. If this happens, it will give Bitcoin one last buying opportunity before the next bull. The red area is the area that is usually seen in the bull market and where Bitcoin is relatively expensive. It is recommended to hold, not buy, in this area. The blue area is where Bitcoin peaks. It is usually advisable to sell within the blue channel.
USDT.D Logarithmic Trend Compared to Bitcoin TrendIn the long term, USDT dominance is in an uptrend. Within this trend, it often rises slowly, suppressing Bitcoin and altcoins, sometimes sideways, sometimes causing price declines. Then, with the sudden drops that follow, it puts Bitcoin and altcoins into a very sharp bull season. Right now, USDT is in an uptrend. I think that Bitcoin will enter a sideways channel as long as USDT remains in an uptrend. After this channel, a drop in USDT will put Bitcoin back into the bull season.
BTC Prices Cannot HoldAlthough BTC is currently resting at the demand zone, there is no strength in the background to support a continuous rise. Over the past 2 days, prices inched up slightly but volume decreased significantly, which means there is no demand at the moment. New highs have failed and new lows are starting to form.
With this lacklustre reaction, now is a good time to short and see how it reacts around the 62,000 mark.
BTCUSDt - Bitcoin H4The moving average system (MA168. MA42. MA24) has become the "Downtrend ranking" and recommends "Short Position at High Level" as the main operating strategy of H4.
Bitcoin - On the EdgeHello everyone,
today I decided to do a quick update before I come back with Q3 update in July.
I haven't planned to do more updates this month, but I noticed something very interesting in my opinion and I think that more people should pay attention to it.
As I said before - my Base Case for Q2 was that this quartal may be the BAD time to Invest in BTC for a longer period of time due to previous experience when we had similar macroeconomic conditions. Today, we are about the same Price range, in fact, we are around 7% lower than we were at the time of that statement. So I am still going to stick with that idea until my requirements are no longer met.
Now, to the reason why I am doing this Saturday morning update...
Reason is that 20SMA & 21EMA CROSSED . It may look like nothing extraordinary we should pay attention to, but I think otherwise. Looking back on the whole History of Bitcoin, we can see that this Case didn't occur so many times, but when it did, most of the time it resulted into the decline of price in upcoming weeks/months.
For better visualization I decided to use simple Arrows, to point out the magnitude of the move before 20SMA&21EMA crossed.
- If we count the relevant Cases (ones that occurred after the STRONG upwards move) - it looks like 7 out of 7 times we experienced a significant correction in price.
- If we count all cases then it is 7 out of 11 times. In these 4 cases, we moved sideways with slightly bearish price action, BUT once we tested the price at 20SMA&21EMA and were able to hold above that price, it continued to rally to higher prices.
At this exact moment, it's hard to say with Higher% certainty which of these cases we are experiencing right now because our criteria are mixed up...
We got BOTH - strong move upside & at the same time we have been in SIDEWAYS move for several weeks already...
So I am looking for what is going to happen next week/s when we reach our 20SMA&21EMA price, because it may give us a CLEAR signal in which group we are right now.
Until then I would suggest everyone practice patience, unless you like to gamble.
Hopefully, this update was helpful for some of you in further market navigation.
If YES, please consider liking or sharing this post, it would mean a lot to me.
Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM.
Best Regards,
Joe
