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Bitcoin trend predictionHello to all, First of all, the market does not have a specific trend and we are definitely facing two possible market trends in the short term. The first path: increase in price to 28,850$ and then reach the price of 32,000$ and return to 28,850$ and then rise to 36,500$. The second path: price drop to 25,285. The important issue is that if any of these two paths are followed, eventually the market will move in the price range of 36,500$ to 25,285$ and this trend will continue until Monday, June 19. Market support will be 22,000$ if the price falls. Be happy and trade wisely! 😊
by Ra-Ro
Bitcoin - The consolidationIn this study, I take a close look at the Elliot Wave structure of the movement since March 10 to make sense of this crazy consolidation we have been witnessing since March 23, in the 4-hr chart, refining the wave count of the previous study. Currently sitting on the weekly pivot of $28k, I see a corrective wave structure that has developed, that not only includes two successive symmetric triangle formations, but both being part of a complex irregular Double Three (WXY) correction with a price target of c. $24k. Approximately a $14% correction from the current price. A break below the bottom of the triangle support line could be the trigger for a deeper drop. A confirmed break above the upper resistance line of the triangle will invalidate this scenario. What do you think? Will we see a breakdown towards $24k, or a continuation of the rally up over $30k?
Short
by Crypto-Swing
3
btcusdt 4h uptade in last 4 days bitcoin almost pump upto 23%... if you buy bitcoin few days ago for shorterm holding then i recomand you to book your profite.... now possible we see some correction in markete. 1st resistance of bitcoin at 25200$ 2nd resistance area of bitcoin at 26700$ if you are looking for open position in short on bitcoin then i recomand you that currrently don't open any position in short till btc price cross 26700$. 1st local support area of bitcoin at almost 22800 ( small bounce back expected from this area) follow me for more update about crypto.
by CRYPTOPLAYERS-01
BTC/USDT/UpdateThe goodbye kiss that I predicted in my previous Bitcoin analysis () was fulfilled today with a pullback to the ceiling of the broken descending channel. There is also a valid static support in this area. According to the status of the indicators, the probability of forming a new upward movement from this area is very high. My personal stop loss will be activated if the bearish channel breaks and stabilizes. The goals and limits of the loss are specified in the analysis.
Long
by Third-Eye-Power
3
Bitcoin: Short first, then long. Despite the fact that the Bitcoin (BTC) price trend should have been boosted last week from the perspective of the US dollar and risk appetite, unfortunately, the cryptocurrency market experienced negative news. According to reports, cryptocurrency bank Silvergate announced that it will postpone the submission of its annual 10-K report for the 2022 fiscal year, stating that "the company is currently analyzing certain regulatory inquiries and investigations related to the company." Shortly after, many cryptocurrency companies and trading platforms, including Coinbase, Circle, and Tether, urgently announced the termination of their business dealings with Silvergate. The news caused panic in the cryptocurrency market and put pressure on Bitcoin prices. This week's risk events are also relatively frequent, and I think the likelihood of short-term Bitcoin prices rising above 25000 is small. From the 4-hour chart, we can see that the starting point of the last rebound has been breached, so the support level is expected to move down to around 21460. Therefore, the short-term trading range is around 22040-21460. In terms of operation strategy, investors can trade within this range of 22040-21460. Liking, commenting, and subscribing are your greatest encouragement to me. Follow me to make trading easier! You are also welcome to read other ideas below. BINANCE:BTCUSDT COINBASE:BTCUSD
Short
by Ice_and_Fire1
2
Successfully won the rebound of Bitcoin,how's the future market?The operating idea given by Bitcoin yesterday was to go long near 21800, very accurately grasping the vicinity of the lowest point in the short-term, and got a relatively good rebound profit. On the fundamental level, after Powell's speech, the sharp rise in the US dollar will pose challenges to global non-US currencies and risky assets, suppressing their prices. On the technical side, after Bitcoin fell yesterday, it broke the extension line of the low point of the daily K-line, breaking the short-term strong trend and returning to the weak range. The short-term pattern is bearish, and the high point of the recent rebound of the daily line forms new resistance. Together with the short-term moving average, it suppresses the rising Bitcoin market, while the technical indicator MACD diverges downward, and the downward momentum is strong, and the overall still shows that the Bitcoin market is running short. So in terms of operation, Bitcoin can be shorted at the position of 22600, near the target position of 21900. BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT INDEX:BTCUSD BITSTAMP:ETHUSD
BITSTAMP:BTCUSDShort
by Blessed_V
Bitcoin temporarily corrected, the current bearish trend will co In this world, there is no perfect choice. It is impossible for us to have spring flowers and autumn moon at the same time, and it is even more impossible to have both fruits and flowers at the same time. We must learn to give up something in the busyness, and then we can get something. The overall retracement trend of Bitcoin is impulsive. It fell for a period of time and then fell into a consolidation. When the time comes, it will continue to decline, so don't worry too much about the shocks. The market trend has not changed and is still bearish. Bitcoin operation recommends selling at 22800, risk control at 23400, target 21500~21400. Bitcoin bearishness is based on the following: 1. Bitcoin has fluctuated and consolidated on the Xiaoyang line for three consecutive days, and it is about to face another downturn. 2. According to my analysis, the five-wave rise of wave A has all ended, and the retracement of wave B a has not yet all ended. The later stage mainly depends on the effect of the low point support of wave A 4. 3. The upper pressure is 22700~23500, and the lower support is 21500~21400. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
BITSTAMP:BTCUSDShort
by Crazylambboy
3