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Bitcoinlong

$STRK breakout Done > Trading a descending channel pattern involves identifying a bearish trend where the price consistently forms lower highs and lower lows within a channel. Here's how you can approach trading this pattern: 1. **Identify the Descending Channel:** `The first step is to recognize the descending channel pattern on a price chart. Look for a series of lower highs and lower lows forming parallel trendlines sloping downwards. This pattern suggests a bearish trend where sellers are in control. Confirm the pattern by ensuring that the price touches both the upper and lower trendlines multiple times.` 2. **Entry and Exit Points:** `When trading a descending channel pattern, consider selling (shorting) near the upper trendline of the channel when the price reaches this level. This is where resistance is likely to be strong, presenting an opportunity to enter a trade with lower risk. Set a stop-loss order above the upper trendline to manage risk in case the price breaks out of the channel. Aim to exit the trade near the lower trendline of the channel, where buying pressure may increase, providing a potential opportunity to take profits.` 3. **Risk Management and Confirmation:**` Implement proper risk management techniques to protect your capital. This includes setting stop-loss orders to limit potential losses if the trade goes against you. Additionally, look for confirmation signals such as bearish candlestick patterns, negative momentum divergence, or other technical indicators aligning with the descending channel pattern to increase the probability of a successful trade. ` Remember, trading patterns carry inherent risks, and it's essential to practice proper risk management and conduct thorough analysis before making trading decisions. Additionally, consider using a combination of technical indicators and fundamental analysis to enhance your trading strategy and increase the probability of success.
Long
by Crypto-Adda_Official
Caution: Bear trap on Bitcoin! ⚠️ Bitcoin's potential bear trap above $60,000 amid uncertainty over FED actions. Bitcoin's price bouncing back above $60,000 raises concerns of a bear trap. Market fundamentals, specifically FED actions, adding to the uncertainty in the crypto market. Speculating on FED decisions is risky, but their transparency can impact market sentiment. ⚠️ Implications of recent financial easing and potential bear trap for Bitcoin investors. Quantitative easing signals potential turnaround in financial conditions. Coinbase closure above 233 HPDR bands may confirm bear trap for Bitcoin. Massive Wick to the downside suggests damage from past week may be mitigated. 📉 Bitcoin may experience a significant correction in mid-May, potentially setting a bear trap. Bitcoin has been in a cycle for 49 days, nearing the longest correction period of 63 days. The timing for a potential low or bear trap for Bitcoin could be in mid-May, around day 63 of the cycle. A tweet was mentioned regarding this analysis, providing additional information on the topic. 🕰️ Cryptocurrency signals showing high probability targets, despite challenges and personal struggles. High probability targets for Bitcoin signals Struggling with personal challenges and sickness Finding solace in playing Dark Souls 3 ⚠️ Bitcoin's potential trap for investors in May highlighted by technical analysis indicators. Key technical indicators like RSI and moving averages are currently indicating a downside trend in Bitcoin's price. Bitcoin's price movement sideways could lead to a reset of technical indicators, potentially signaling a bullish reversal. If Bitcoin avoids breaking below current lows, a bullish scenario could unfold in the later half of May and June.
Short
by Henrywaters
BTCUSD 1H Long Trade - 1:6 RRRTP: 70382.05 SL: 57172.95 In this trading strategy, we present a compelling opportunity for a short position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:6. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. A rising EMA200 indicates a bullish bias in the overall trend, providing confirmation for potential long positions. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
COINBASE:BTCUSDLong
by panjikadar
Just how bad is it for Bitcoin and the crypto market? - Bitcoin has experienced a significant drop below $60,000 for the first time in a while. - April has historically been a green month for Bitcoin in an election year, but this year it was red, showing a deviation from history. - May is also historically a green month for Bitcoin in election years. - Bitcoin has never played out more than two consecutive downside months in an overall bull market. - The accumulation distribution indicator shows a positive slope, indicating a long-term move to the upside. - The indicator's slope changes in the extreme zones can correlate with macro shifts in direction. - Bitcoin is currently testing prior all-time highs and there should be an opportunity for it to move up again. - The ideal scenario for bullish investors would be for Bitcoin to come down to the red moving average, find a low, and close the month up with a bullish signal. Bitcoin has experienced its first ever red April in an election year, deviating from historical trends. April saw a 15% move to the downside, which is significant. May historically has always printed a green month for Bitcoin in election years, but this may not be the case this year. Additionally, Bitcoin has never played out more than two consecutive downside months in a bull market. The accumulation distribution indicator shows that Bitcoin is likely to move to the upside long term. However, it is uncertain how far down Bitcoin can go before it bounces back up. The red moving average is where Bitcoin bulls should be hoping for a low to be put in before closing the month up, which would signal the market to continue to new all-time highs throughout the rest of the year. Bullet Summary: - Bitcoin experienced its first ever red April in an election year, deviating from historical trends - May has always historically printed a green month for Bitcoin in election years, but this may not be the case this year - Bitcoin has never played out more than two consecutive downside months in a bull market - The accumulation distribution indicator shows long term upside for Bitcoin, but it is uncertain how far down it can go before bouncing back up - Bulls should be hoping for a low near the red moving average before closing the month up to signal continued growth throughout the year.
by Henrywaters
Bitcoin swing trade 10RRPotential 10RR swing trade BINANCE:BTCUSDT.P Possible Targets and explanation idea ➡️Watch the logic of entry! Not a 100% so we will sweep 5 march low but looks logical ➡️On a screen just a local range PWH will be like a target for take profit ➡️PDL and sweep March low will be the logic for entry with stop loss ➡️Mark your own leverage and count own stop loss properly ➡️PDH will be also like a first target to fix % ➡️Trade on indicator yesterday we got buy signal with small +3% bounce ➡️30 April yesterday we saw the money inflow by Money Power indicator Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
7
[SHORT] Bitcoin going down before it goes up As you can see on the USDT dominance chart using the pmarp indicator on the weekly time frame USDT dominance is on its way up. This is a great sign of capitulation within Bitcoin. There are is now many millions of dollars worth of outflows for Bitcoin ETFs. The IBIT ETF has not received any new inflows for two business days and other ETFs for Bitcoin have received outflows of millions. It's about time for this correction to play out.
CRYPTOCAP:USDT.DShort
by Henrywaters
$BTC performed Falling wedge in 2hr TF ** CRYPTOCAP:BTC performed Falling wedge in 2hr TF ** Keep eye on it Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. - Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support). - The pattern resembles a wedge pointing downwards. 2. **Confirm the Falling Wedge:** - Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease. 3. **Wait for Breakout:** - Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge. - The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout. 4. **Entry Point:** - Enter a long (buy) position as soon as the price breaks above the upper trendline. - Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts. 5. **Stop-Loss Placement:** - Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge. Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
BLong
by Crypto-Adda_Official
Extraordinary insider tip. Bitcoin. 84.000This goal was sent to me by a major player in the game. His insights always hit the mark because his team commands one of the largest capitals in the market! 🌟📈 We're going to start taking liquidity from the top. 📈💰 Friends, this is an extraordinary insider tip, and I urge you to pay attention to it. Keep an eye on this idea. I've decided to share only a few ideas to demonstrate the quality of information I have. Just stay tuned. 🚀🔍
Long
by HedonistTrade
BITO @ $39 Jun '24I feel increasingly isolated among the growing crowd of bears but I believe BITO has formed a textbook flag pattern. My argument: Following a sharp move upward, beginning 3/14 (6 weeks from the time this was published), price has declined in 3 drives forming a clear channel but didn't break the 50% retracement level while volume has steadily declined during the formation of the flag. If I'm correct, a movement similar to the one that makes the flagpole would put the price right at the .382 level which I believe further supports my argument. Full disclosure: this is all based strictly on technical analysis and I have limited experience in dealing with crypto or it's derivatives so there could be something I'm missing. It's entirely plausible that I'm completely wrong but I'd appreciate any feedback from the community
AMEX:BITOLong
by Scuba_Steve56
6
Bitcoin Price Keeps Rejecting the $65K Pivot Point Bitcoin ( CRYPTOCAP:BTC ) price rejection from $65,000 resistance continues after failure to reclaim it as support. Even after the halving traders anticipated a rapid surge to about $70k Pivot but Bitcoin ( CRYPTOCAP:BTC ) keeps swinging between the $63- GETTEX:64K level. There is a liquidity pool below $60,000 which continues to act as a yardstick for CRYPTOCAP:BTC in maintaining market balance. Bitcoin ( CRYPTOCAP:BTC ) price is highly volatile lately, provoking a broader market crash as it plummeted to the $62,000 range on Thursday. Meanwhile, reverberations from spot CRYPTOCAP:BTC exchange-traded funds (ETFs) continue to influence the market. SEC delays decision on spot Bitcoin ETF options trading The US Securities & Exchange Commission (SEC) has delayed a decision on whether or not to allow options trading on spot BC ETFs. It originally meant that they needed more time to review and analyze the proposal. The SEC may have concerns about potential risks, market manipulation or other regulatory issues associated with introducing options trading on these ETFs. Any delay in such a scenario is common as the financial regulator works to ensure investor protection and market integrity. However, markets will be poised to wait for further updates from the US Securities & Exchange Commission (SEC) or the relevant parties involved in the proposal to understand the reasoning behind the delay and any potential implications for investors. According to Glassnode an on-chain market intelligence firm, the Bitcoin network hash rate is still rising, which points to ongoing investments in mining infrastructure. A strong mining hash rate is crucial for Bitcoin's security, making network attacks more challenging. Technical analysis: Bitcoin ( CRYPTOCAP:BTC ) price drawn to liquidity pool below $60,600 technically, Bitcoin ( CRYPTOCAP:BTC ) price continues to get rejected from the $65,600 resistance level. It comes after multiple failed attempts to reclaim above it and flip the level into support. Enhanced profit booking could see Bitcoin ( CRYPTOCAP:BTC ) price dip into the said liquidity pool. This will happen if the Relative Strength Index (RSI) continues to record lower highs. Traders are likely to sell or take a bearish position on CRYPTOCAP:BTC when this happens, which would enhance the downtrend. In a severe condition, Bitcoin ( CRYPTOCAP:BTC ) price could slip below the liquidity pool under the $60,000 psychological level, with the next line of support presented by the 50-day Moving Average (MA) at $54,689. A deviation of this lagging indicator to the downside would signal an extended fall. Apparently, if the bulls leverage the ongoing correction as a buy-the-dip opportunity, the Bitcoin ( CRYPTOCAP:BTC ) price could recover.
BINANCE:BTCUSDLong
by DEXWireNews
4
BITCOIN on institutional price actionhello dear trader and investors there are two senario for bitcoin senario 1 : if price close below LL on 59077 this patren will be activated ( can can + fake out ) institutional price action …. after collect some liquidity on the yellow area senario 2 : if price close above HH on 73700 price can hit 89000 and 92000 without any liquidations … Bitcoin(BTC) Drops Below 63,000 USDT with a 4.62% Decrease in 24 Hours On Apr 25, 2024, 13:19 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,995.980469 USDT, with a 4.62% decrease in 24 hours .good luck mehdi
by mehdi_kb
Bitcoin TA - Upside Zones, Downside DCA Zones, Key LevelsWelcome to my Bitcoin TA where I go thru just the chart from a high level looking for areas of trading opportunities. The foundation of this whole video comes down to this: I'm of the opinion Bitcoin will get above 100K. So I'm doing TA on where to put my entry zones. - 1st Entry hit at 59,872 I'm out of all swings and also looking for swing entry zones. I've shared this chart with all drawings organized in folders and such. I keep this updated and will share on future updates. This covers all VCs, significant levels, anchored vWAPs, key pivots, and more, all organized in the object tree: www.tradingview.com Here's what we cover in the video... If Day RDA holds The first thing we cover is if the current test of the Daily RDA holds what the upside trade looks like. I identify the upside zones and key levels that I would watch and trade around. The RDA ( RexDog Average with ATR ) is a bias and reaction zone indicator found here on TV, usage in description. Pull Back Scenarios and DCA areas RDA Week Projection Print - We cover the upside print of the week projection of if the all-time high is broke where we can expect the market to hit. Immediate market view - I also dive into the immediate Market View using the 30 minute time frame, which I call the structure time frame. the key element there is that we are right at the mid control for the day. Bias and Momentum - from here we cover buy us a momentum from a daily and weekly time frame. Current Value Channel - we also talk about the key levels of the current value channel that BTC is trading within. Anchored vWAPs - I also dive into anchored V waps from significant highs and significant lows. one of the major things that came about in this analysis was we are in a fight between the most recent significant high and low anchored vWAP. those levels couldn't be any more clear RSI Signal Zones - we also dive into the RSI signals and the triangle pattern. currently waiting for a green triangle to complete the triangle pattern otherwise it looks like based on the RSI we could see more downside. Best Crypto Trading Timeframe - I also share the single best time frame to trade crypto on especially for swing and long-term trades.
INDEX:BTCUSD
by RexDogActual
BTC ☀️ & Bullish Vibes On the Horizon. $70K Again? The cryptocurrency trend was mixed over the past 24 hours, as investors await the quarterly results of a series of tech giants later today and this week. The price of Bitcoin rose 0.6 percent to $66,490 over the past 24 hours. This is 10 percent below its all-time high, Trading View’s Bitcoin chart shows. “I think we’re just getting started and bitcoin is going to have a great next 12 months,” Bitwise analyst, Ryan Rasmussen, is quoted as saying by Bitcoin.com. However, the regulatory risks should not be underestimated, he added. A bullish sun shines over most of the global crypto market in the next 24 hours. Tropical trading conditions prevail over Bitcoin, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow us for more crypto weather reports and crypto news!
BITSTAMP:BTCUSDLong
by ATTMO