BTC the most likely scenarios !BTC / USD
Recently, BTC shows very little volatility
Actually this always happens before a big move so be ready soon
From my point of view BTC is likely to bounce from one of these structures in my chart :
– Structure 1 : Triangle pattern
price till now still holding above 27-26.5k local support which can make a bounce from current levels
– Structure 2 : high TF support
Price can drop to hit 24-25k which act as strong support in high time frames (my last analysis idea)
– Structure 3 : CME gap
CME gap is around 20k Which can be filled too
Which structure do you think will happens and why
Let me know in comments section below ⬇️
Btcudst
BTC/USD (Bitcoin) - Daily - Bearish Pullback to Test The UptrendBitcoin (BTC/USD) has formed a head & shoulders resistance price pattern under $31,000 in May 2023.
Support Price Target(s) below are: $25000, $24000, $22000, $20000.
Bitcoin needs to establish and hold a price support level above $20,000 to maintain an Uptrend in 2023.
note: the longer-term price trend for Bitcoin could take months to establish and develop.
BITCOIN TO $25,000 THEN $35,000 Or Bearish??Bitcoin has 2 main scenarios in play...
Looking at the bigger picture there is still no reason to be bearish, price could easily go higher..
Bitcoin may pump to $35k, if it rejects I see $25.3k possible before a move up. .
Or we could go lower to around 23k
Btc short to 12295 $ ( Daily chart )Hello guys....
12k not Toch in before bullrun and The price of 12,000 dollars was touched only once in the last bull market and it is a very attractive price for whales. Note that too many untouched balances may have price reverting to them.
This time, we may see very low prices before the halving of Bitcoin miners' rewards, and after a year or two after the halving, we will see the highest prices.
Do you think the bat can catch the worm first or an eagle can have a wider choice between fish, rabbit and mouse.
So some sellers may be hunted by eagles because the price of 12,000 dollars is more attractive! Always thinking like whales will increase the probability of success. So before the rewards are halved, we see a lowest price and the whales buy their currencies from the hasty people and sellers.
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BTC strategy analysis:
After stepping back on the 27200 line in the short-term within 4 hours of the day, the BTC market fluctuated within a narrow range within a short period of time. The market was under pressure at night, and the BBI average pressure fell back. The third line of the KDJ indicator turned at the 20-axis golden cross. Continuous shrinkage, the short-term current market is slightly deviated, and the attached indicators show signs of rebound. The daily market K-line closed below the MA60 moving average support on May 8, and the K-line was under pressure below the MA60 moving average on May 9. Currently The market is showing a small negative K line, the K line is currently showing 4 consecutive negatives, the KDJ indicator diverges downwards, and the MACD indicator green entity kinetic energy column is heavy. From the daily line, there is a risk of further decline in the market. Pay attention to the support around 27000. The market breaks big Probability drops to support around 25500, it is recommended to focus on high altitude
BTC:
28465--28755 Empty
More than 26630--26358
ETH:
1888--1912 Empty
1788--1763 more
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BTC USD FUNDAMENTAL ANALYSISBitcoin price recently decoupled from the stock market, as a result of which even the recent banking crisis held no bearish impact on the cryptocurrency. Now as the "Sell in May" trend comes back to life, it is likely that BTC might reap the benefits of a slow-growing stock market.
"Sell in May" - Banks' collapse paves the way
In the stock market, as April comes to an end, a common saying among investors comes back to life - "Sell in May and Go Away". The axiom is used to signal the beginning of the worst six months of the year for traders and investors. Due to the relatively terrible performance of the stock market, i.e., S&P 500 Index (SPX), "Sell in May" suggests simply ignoring the next six months and coming back again in October.
While it may seem like another fad, the saying has historically been proven right. According to a report from Carson, on average, the May to October period has borne the least growth of 1.7% in comparison to other six-month combinations.
But beyond an axiom, the stock market does have a lot to worry about as another bank just collapsed. The First Republic Bank, one of Unites States' 20 biggest banks, is going to be reportedly taken over by the Federal Deposit Insurance Corporation (FDIC) on April 28. The bank will be placed under imminent receivership as the FDIC said that there was "no more time" for a private sector rescue.
Earlier this year, the Silicon Valley Bank, Silvergate Bank and Signature Bank failed as the entire US faced a banking crisis in Q1. The stock market bore the impacts of the same as within a month, SPX declined by nearly 344.63 points falling by 8.25%.
Now as May begins following First Republic Banks' crisis, the Federal Reserve is also set to conduct its Federal Open Market Committee (FOMC) meeting on May 2 - 3. In this meeting, the next interest rate hike will take place, and the Fed is likely to increase the rates by 25 basis points (bps).
The probability of the same is currently at 80%, rising from 75% that was observed a few days ago after reports of First Republic Bank being taken over by the US government first came to light.
All these instances could have a bearish impact on the stock markets, translating into a bullish impact on Bitcoin price.
Bitcoin price could rise
Bitcoin price in the past has had a rather surprising reaction to not just the stock market decline but the banking crisis as well.
While the banks collapsing in the first quarter of the year brought down the stock and crypto market collectively initially, BTC started rallying soon after and over the next ten days, the biggest cryptocurrency in the world shot up by 40%.
This is because, towards the end of 2022, Bitcoin decoupled itself from the stock market and regained its "safe haven" status and "inflation hedge" label akin to Gold. Even this week, as the initial reports of First Republic Banks's failure arrived, BTC shot up by nearly 8%.
Thus as the "Sell in May" trend takes shape and stock market performance remains sub-par, Bitcoin price will have room to welcome traders and investors from the stocks' world.
Furthermore, Bitcoin supply profitability is still pretty low at 74%. While the profitability did increase over the last four months from 45% to a 12-month high, there is still room for growth before a market top is observed.
Usually, when more than 95% of the supply becomes profitable, a market top is marked, which induces sell pressure. Until then, BTC is good to chart gains.
Conclusion
Looking at the broader market conditions, it does seem likely for Bitcoin price to observe some green candlesticks on the charts potentially. That is unless the alt season takes over and Bitcoin's dominance falls from the current 48.63% to less than 40%.
At the same time, traders and investors should also watch out for the upcoming interest rate hike, as a more than 25 bps hike could cause a price crash.
Bitcoin Consolidating For Another Sell Off.25K Imminent!*** DISCLAIMER No Financial Advice ***
Bitcoin can go as low as 25K today
it's important to note that technical analysis and patterns suggests an imminent correction before the next leg up
when we reach 25K then we decide the next level but IMHO 20K is comin slowly but surely and more lows will follow after that
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BTC correction 200 weekly MA & H&SI was expecting more support at 28K for CRYPTOCAP:BTC but so was the market. Stop losses would have been placed there and so Stop hunting…
Regardless, the support targets in the tweet below remain valid if bitcoin doesn’t bounce.
Keep an eye on this larger H&S forming.
From the top down, we have what may be a zigzag ABC correction. Wave A is complete or almost complete ( if it’s not complete then we go down more here) with the 5 waves down.
We should see a wave B going up (3 wave formation) which would make up the right shoulder of the H&S, then another 5 waves down to complete the correction.
The technical target for the H&S is the bottom of the green box and the target of the large rising wedge (see precious tweets) is the top of the green box and also approx the 200 weekly SMA.
BTC going Bearish?BTC already broke the 297xx and is now trying to break past 286xx resistance which is now I'm looking as my support. If it breaks it then it is possible we face another sideways market for days in range of 265xx support and 286xx resistance. Once the said 265xx It could mean we are possibly going to experience a more downside momentum.
This is not a financial advice, please always do your own research.
BTC just made a MASSIVE macro breakout. More bull market proof!Check out the extension on this move. If we are to consider Bitcoins run to 69k as deviation from a holding downtrend this could be the break of the decade for Bitcoin. Each day that goes by I get more an more excited for an emerging bull market!! LET'S GO!
Bitcoin Trying to reach 31K before it runs out of fuelBTC New Pattern that we want to pay more attention to anything else is the new rising broadening wedge
obviously we havent seen ANY lows for a long time , maybe we see it after reaching new highs 31K or we start the new Low process since SPX is giving bearish signals
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Predicting Bitcoin tops and bottoms using halving dates.I thought I will share with you what I found out. Apparently by measuring time from the halving you can more or less guess the bitcoin tops and bottoms and/or correction or dead cat bounce to safely sell what you got. This is not going to show you perfectly where to sell and where to buy but it is not for that, this is to help long term traders when to scale in and scale out of the market, regardless of the price. It can be hard, as you know everyone at the top screams for higher targets and at the bottom for lower. I hope this will help you out. And feel free to do a different measure of your own, Just put halving dates and start from there. Thanks!
BTC - Pullback , ready for long long position !? #BTCit looks like we 're seeing a pullback BINANCE:BTCUSD .
everything is clearly visible in the chart
MAX Leverage = 5 - 10 (above 5 is a greedy decision!!!)
Max Loss (with leverage 5 ) = ~20%
Max Profit (with leverage 5 ) = 35 - 65%
|--| 70% sell in first target and 30% for next target |--|
always DYOR , Buy and sell with full knowledge of financial markets.
Maybe This Way , Lets See that ...
BTC/USDTThe current trend is upward, but we have three situations ahead of us
1- Orange channel: because it has hit the of top the channel, it is likely to correct and continue to the bottom of the channel, which can move to the range of 27k and then to 32.5k, which according to the head and shoulder pattern in RSI, this movement can be considered probable.
2- It can break the top of the channel and move towards higher targets (if it breaks the resistance of 32.5k, it can go up to 34.5k or if it cannot break the resistance of 32.5k and correct it)
3- It can descend from here and break the bottom of the channel and move towards 20k.
But in case of decline, it will definitely be supported by ma100.
And a very important point:
At the moment, the dominance of Bitcoin has reached the top of its channel, if it goes down, it is in favor of altcoins, if it goes up, it is against them.
My prediction is that Dominance will rise and Bitcoin will range so that altcoins will not suffer too much, in which case we will see an alt season similar to 2020 in the future after Dominance falls from the upper limits.