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Bitcoinidea

BTC Head and Shoulders Break Target HitWith today's price action Bitcoin has come down to test the 25,300 level. This has been a very important resistance level in the past that once it broke above this level, it needed to come back and retest as support. As we can see, there's also an upward trending trading range / trend channel (In Blue) that has held well twice before. Hopefully BTC bounces here and continues higher, ideally getting through the $32 K level. Past $32k to the upside, gives a clear path to FWB:48K to $50K, the Golden Pocket retrace of the market cycle high to low. But there are a sizable order blocks above between FWB:29K and FWB:31K that will act as a formidable resistance area (not shown). So this is going to be interesting battle. We still have an unfilled CME gap around $20k also. And there's a larger Head and Shoulders forming on the weekly chart, that if we lose the neckline support points to a re-test of the recent market cycle lows down to $16k. Our indicators show that the bottom is in, but could still be re-tested. But my bias for now is towards the upside. What do you think?
by BrettFogle
1
My trade plan: I have sold/short BTC/USDMy Trading Plan: Sold BTC/USD Note: This trade is for my own record. Please do your own research before taking any risk. I have sold BTC around 27276.18 my Stop loss is fixed at 27426.05 I dispose half at 26,050 and I will exit my position at 25,850. I am not afraid of this trade since my risk-reward is really good which is around 1:9.7. Lets see how it goes. Multi time frame analysis has been done in this trade. Tools used are Fibonacci retracement and RSI.
COINBASE:BTCUSDShort
by M_Shariq
Btc Update in My Opinion Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k. If Bitcoin seems to be pumping, you guys don't think the bullrun has started. Because if we analyze the chart from the previous halving, Bitcoin looks like a dump. This is a swing trade, it may take time to hit the targets, so it is recommended only for those members who have patience according to their financial condition. Only those who can wait should take this trade according to their financial condition.
INDEX:BTCUSDShort
by Houseofcryptokings
Bitcoin BTC and the US Debt Ceiling Negotiators from Democratic and Republican parties finalized an agreement on Sunday night. Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election. The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market. Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets. BTC /USDT Entry Range: $26900 - $27100 Price Target 1: $27700 Price Target 2: $28500 Price Target 3: $29400 Stop Loss: $25000
Long
by BuySellMarketMaker
3
Bitcoin Boom-Bust Cycle PatternsFrom a technical point of view, it is seen that Bitcoin making its 4th boom-bust cycle move. The black line I drew on the logarithmic chart has been acting as support and resistance regularly since 2012. The past 3 boom-bust cycle patterns have been applied to the cycle that we’re in right now. The Yellow line is between 2012-2014; The blue line is between 2018-2021; The green line represents the boom-bust cycle from 2014-2021. In my personal opinion and when I look at the support that Bitcoin found at the $16500 level, I think the scenario will be like the Blue line.
INDEX:BTCUSDLong
by YavuzAkbay
Bitcoin's Potential Short-term WeaknessBitcoin may have found its bottom at the $15,570 level. If this assessment holds true, it's possible that an impulsive leg upwards has completed the five-wave sequence characteristic of a bullish trend, indicating the first leg of this upward move. Currently, Bitcoin appears to be in a corrective phase, which seems to be forming in a WXY pattern. The W and X legs of this pattern appear to be nearing completion, and I will be closely watching for signs of the Y leg's formation. This development could potentially propel Bitcoin to reach at least the $23,000 mark before embarking on another upward leg.
COINBASE:BTCUSDShort
by SlowMobius12
BTC Bitcoin Price PredictionThe political context is favorable for a small bull run to $30K for BTC Bitcoin. After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. To avoid contentious debates until after the next presidential election, the agreement suspends the debt limit until January 2025. This decision provides a temporary relief from potential conflicts surrounding the debt limit. After a small rally, i believe BTC will retrace to $23000 to complete the Head and Shoulders Bearish Chart pattern. Looking forward to read your opinion about it.
Long
by TopgOptions
BTC Long Term SetUpThe economy operates in cycles, and these cycles can be observed through various indicators such as the ADX Indicator and analysis of different assets. In my trading strategy, I prefer to keep things simple. Looking ahead at the next five years, I believe that the current market conditions present an opportune time to consider investing in Bitcoin. Based on my analysis, I anticipate that Bitcoin will experience significant growth, potentially surpassing its previous all-time high within the next two years, with an expected increase of over 200%.
INDEX:BTCUSDLong
by BLIPCapital
3
Bitcoin 1D TF Bitcoin is undergoing a corrective phase following a significant 57% upward movement. I anticipate a decline in Bitcoin's value by at least 20%, as it currently resides within a bearish channel. However, once it reaches the range of my particular interest, which lies between 24836.98 and 25335.01, I expect Bitcoin to break out of the channel. Several factors contribute to this analysis, including the presence of a declining trend line, an inclining trend line, a rejection point, the bottom of the channel, and a bullish fib level of 0.5. After experiencing a 20% drop, I anticipate Bitcoin's momentum to shift towards a bullish swing.
COINBASE:BTCUSDLong
by ChartStrategist