BTC Bitcoin Technical AnalysisSomebody has asked me my opinion on Bitcoin. These are my thoughts as I view the chart. It's purely an analysis and an opinion and not a trade idea.
Btctrend
BTC Daily updateBitcoin is following my plan and started to pump from my previous ideas. To see a continuation of the pump we need to wait a break above the resistance area at $67.000/67.250. Holding my longs with stop in break even and waiting
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Nicely gained $64,344 support, currently testing $66,323 support - time to see if it can hold it, seems unlikely judging by current RSI on 4h, but last 1D close looks great and RSI on 1D also good. $64,344 next support from here. $68,546 next key resistance from here. Watch given S/R
BTCUSD LongThis crypto coin has been forming a falling flag for the past few weeks since it hit its ATH. Currently, the price has re-bounded from the lower support line, and I anticipate that the bullish trend might continue till it hits a very strong support zone at 70700.
My entry is at 65600, SL at 62800 ,and TP at 71000. My R : R for this trade is 1 : 2.
Kindly remember to risk 1 - 3% of your account
BTCUSDPair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Break of Structure
RSI - Divergence
Completed " 1234 " Impulsive Waves
Fibonacci Level - 61.80%
BTCUSD 1DBTC ~ 1D 📈
#BTC Form a Bull Flag Pattern. if it succeeds in breaking the resistance line of this pattern, perhaps a new ATH will form between May - June. We will update further if there are changes in Trend. quick.
BTC DOWN TO 40-45KBTC DOWN TO 40-50k.
This is because I see at 60k prices going sideways. And looking at the previous BTC trend, BTC will start rallying after the BTC halving. So it is likely that after the halving BTC will be sideway or down. This is just a possibility
Halving and war update BTCThe next hours/days are really important for BTC and the whole crypto world. Halving is just around the corner and news about the wars are moving the market. What is going to happen? As everyone should know, May is a month where usually we can expect a drop on major index (Sell in May...). This would means we could see a bearish scenario on BTC and the price could rapidly drop till the $48.000/$50.000 area. The halving could help this bearish scenario but, i think we are going higher. Gold is keep rising and BTC, especially with the new ETF's, could be used as digital GOLD from funds. In this case, we could see a fast pump till new ATH. $60.000 is for sure a crucial level and this days range, is a confirmation that a brutal move looks imminent.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $61,674 support in effect, previous 4H with bearish engulfing, could revisit $59,788 support, RSI on 4H and 1D looks fine, $64,344 support needed to test for $66,323. Revisiting this area exactly after a month, halving almost here. Watch given S/R
Scenario In Pictures II4H TF reset, Daily TF resetting. Halving is almost upon us all. Are we gonna see 52k BTC at the Golden Pocket, only time will tell.
For now it's bouncing off .386 fib. Scenario in charts. I'm till neutral
BTC (Bitcoin) Technical Analysis and Trade Idea Upon analyzing Bitcoin (BTC), we observe a persistent downtrend. Notably, the price has recently entered a crucial support zone and experienced a retracement, potentially presenting a sell opportunity.
In our video, we delve into various aspects of technical analysis, including trends, price action, and market structure. It is essential to emphasize that the content provided is solely my opinion for educational purposes. It should not be interpreted as financial advice. Trading inherently carries risks, and prudent risk management practices are paramount.
BTC Following the planBitcoin is following my plan. Perfect bounce and range at support, and now i placed my stop at break even to be safe. I expect a continuation of the upside moves, but i prefer to play safe because a possible manipulation can dump BTC, and if it will close below the support zone we could potentially see a 10% drop
BTC UpdateAfter we got a huge bullish wave 3 I am expecting to get a wave 4 and it should be bearish strong wave ( 4) then will lastly get wave 5 before we get C all the way down
Note : it is not a financial advice
Deciphering Bitcoin Trends: Insights and AnalysisA large supercycle wave is composed of smaller supercycle waves. Each supercycle wave consists of multiple cycle waves. A cycle wave is made up of primary waves. Primary waves are formed by intermediate waves. Intermediate waves are composed of minor waves. Minor waves are made up of minute waves. Minute waves are composed of minuette waves. Minuette waves are formed by subminuette waves. I believe the current price movement is indicative of the first wave of a downward trend.
Decrypting Bitcoin: Insights from a Financial ExpertBitcoin, the pioneer cryptocurrency, continues to reshape the financial landscape, attracting attention from investors and analysts worldwide. Here, we provide insights into Bitcoin's current dynamics through the perspective of a financial expert.
Bitcoin's Origin:
Emerging in the aftermath of the 2008 financial crisis, Bitcoin represents a departure from traditional monetary systems. Its decentralized nature, powered by blockchain technology, challenges conventional notions of currency and finance.
Analyzing Shorter Timeframes:
In trading, refining our analysis to shorter timeframes such as the 5-minute (5M) or even 3-minute (3M) charts can offer valuable insights into potential entry and exit points. This approach allows traders to capitalize on intraday opportunities with precision.
Seeking Confirmation:
When considering a trade involving Bitcoin, it's essential to wait for confirmation at key levels. This confirmation might come in the form of price action signals, technical indicators, or other market factors aligning with the trading strategy.
Adapting to Market Conditions:
Bitcoin's price dynamics are influenced by various factors, including market sentiment, regulatory developments, and technological advancements. Staying informed and adaptable to changing market conditions is crucial for making informed trading decisions involving Bitcoin.
Risk Management Strategies:
Effective risk management is paramount when trading Bitcoin or any other asset. Implementing stop-loss orders, managing position sizes, and adhering to risk-reward ratios help mitigate potential losses and preserve capital, especially in volatile market environments.
In conclusion, Bitcoin represents a disruptive force in finance, blending technology and economics in unprecedented ways. By combining fundamental analysis, technical insights, and risk management strategies, investors can navigate the complexities of Bitcoin trading with confidence and precision.
BTC Bitcoin Technical Analysis and Trade IdeaExamining Bitcoin (BTC), this analysis identifies a potential short-term long trade. We'll be deconstructing the current price trend, meticulously evaluating recent price action, gauging market forces, and targeting a potential entry point aligned with favorable technical indicators (further details provided in the video). However, I cannot emphasize enough the importance of robust risk management practices. By its very nature, this video is for educational purposes only and should not be interpreted as financial advice.
"Brief Overview of BTC Trends"Exactly, when the Exponential Moving Average (EMA) is trending upwards, it indicates a short-term uptrend in prices. However, if the Simple Moving Average (SMA) is trending downwards, the long-term trend may be bearish. When the SMA crosses above the EMA, this could be a sign of a reversal in price trends.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $71,379 tested as expected! Trying to hold support at $71,379, RSI on 4H and 1D suggests it could drop below $71,379 unless maintains volume here and heads towards $73,523 test (latest ATH area), 11 Days from halving, Current 4h 25 minutes from close and forming bullish pin bar, let's hope it can remain bullish on close. $68,543 Key support below $71,379, Watch given S/R
Expired BTC.USD Weekly outlook. 1st WK APR 2024Expired BTC.USD Weekly outlook. 1st WK APR 2024
> BULLISH 📈 CORRECT
Closed Price: 69,904
Target Price: 71,667 | Strike Price: 72,370 APR.8 24'
Upper Range: 75,739
Lower Range: 67,594
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Tested $66,961 on Friday as expected, revisiting key support at $66,323. Finally above $68,546 on 3rd attempt, $69,813 testing. Bullish engulfing on last 1D close and RSI also looking good on 1D, expect $71,379 test if followed thru, $68,546 support yet to be tested, it will be key support if held.
BTC Forms Triangle Pattern, Eyes Bullish TargetAfter hitting the bearish target as per the previous analysis, BTC retraced slightly to form a large triangle pattern.
We hope that this triangle support can withstand the selling pressure, and if successful, the next bullish target is the triangle resistance level at 70920.34.
However, if this pattern is broken down, I will provide a new analysis.
