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Bitcoinanalysis

#Bitcoin Selling Pressure Falling, Will Bears Take Charge?Past Performance of Bitcoin Bitcoin prices ended up higher yesterday but closed with a long upper wick suggesting a sell-off in lower timeframes. This was confirmed with the spill off today, forcing prices lower. Moreover, while there were notable gains, associated trading volumes were lower than expected. Therefore, although bulls are optimistic and expecting more, traders should adopt a wait-and-see approach. Specifically, gains above $28.3k may pump prices. However, BTC remains within a trading range with clear resistance and support levels, trending lower at spot rates. #Bitcoin Technical Analysis The horizontal consolidation of BTC prices continues, reading from the development in the daily chart. Even though bears have the upper hand, at least per the recent price action, the downside momentum is fading. Bear bars are moving away from the lower BB, suggesting lower selling pressure. At the same time, prices are moving back to the middle BB, suggesting low volatility. The $28.3k resistance line and the middle BB are immediate resistance levels. On the lower end, support is at $25.8k. Therefore, without a comprehensive close above either reaction lines, conservative traders can wait for a clear trend definition. What to Expect from #BTC? The upsides remain from a top-down preview. However, sellers appear to be in control, peeling back gains from late April. As it is, bears appear to be in control, provided resistance is at $28.3k. Any drop below the current trade range's low at $25.8k will cancel bullish attempts, paving the way for even more liquidation in the short term. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin growth from bottom of Ascending Channel(short term)🚀Bitcoin is moving near the bottom of the ascending channel in the 15-minute time frame. I expect Bitcoin to go up to at least the resistance line. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
25
#Bitcoin Erupts, Will Bulls Reverse Recent Losses?Past Performance of Bitcoin Apart from today’s gains, there are no major changes on Bitcoin, and prices remain within a trade range in a possible distribution or accumulation dictated by the breakout direction. Presently, BTC is limited to the upside at $28.3k while prices are bouncing above the $25.8k support level. #Bitcoin Technical Analysis The path of least resistance, in the short term, is southwards despite today’s gains. Traders should watch closely how prices react at $25.8k if bears press on. However, if the bear run is over and bulls are ready to take the coin to a higher level, a convincing close above $28.3k may trigger demand. Either way, the current sideways movement means sellers have the upper hand, and the channel could be a distribution. Going forward, traders can also watch trading volumes. A breakout with expanding participation levels could define the short-term trend. If bulls are determined and build on today’s gains, there must be a sharp, high-volume expansion above $28.3k in subsequent sessions. What to Expect of #BTC? Technically, sellers are in charge despite recent gains. Participation is relatively low, and traders are waiting for proper signals. For now, conservative traders can wait on the sidelines until there is a definitive breakout above or below the current range. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
Knock Knock Bitcoin, are you there?Well, what is there to say? Bitcoin has been moving very well for the last couple of months until it started to surprise me. At this point it's still moving according to the count as it reacted off of equality of wave {c} vs. {a}. With all honesty I do not have a clear idea on whether we have finished wave 2 or not, but for the time being I do not have any reasons not to be bullish. I'll keep it monitored, but all I can see is that there are no conditions to open any trades nor long or short, but that is obviously my own opinion based on the way I trade and my own experience. As always, these is not financial advice, but feel free to ask questions if you have any! Trade safe!
INDEX:BTCUSDLong
by EWFAlessio
3
#Bitcoin Sideways Movement, BTC Remains Bearish Below $28kPast Performance of Bitcoin The horizontal consolidation of BTC prices below $28.3k continues. As it is, the sideways movement is within a leg down. Because of this, sellers are in control in the immediate term. This preview is, nonetheless, forming within a broader bull formation defined by the solid gains posted from mid-March 2023. Technically, watchers should watch how prices react at $25.8k, the immediate support trigger line. #Bitcoin Technical Analysis Overall, sellers have the upper hand in the short term. However, this outlook will change should the coin break above $28.3k and last week's highs. At spot rates, buyers have failed to reject selling pressure from the end of April 2023. Therefore, current formation swings to favor sellers. Even so, traders should wait for a convincing, high-volume breakout in either direction. A breakout above last week's highs with expanding volumes may anchor the base for the next leg up towards $30k or better. Conversely, losses below $25.8k may trigger a sell-off, aligning with the bear run from May 6 to 12. In that case, BTC may drop to $22.5k or lower. What to Expect from #BTC? Bulls are upbeat, but sellers are also determined. The result is a sideways movement which can either be a consolidation or distribution, depending on the breakout direction. BTC is bearish from an effort versus result perspective laid out by early May 2023 price action. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Dumps, Upside Momentum FadesPast Performance of Bitcoin Bitcoin prices are wavy, looking at how prices have been moving in the past two trading days. After the coin posted encouraging gains on May 17, yesterday's losses forced the coin lower, wiping gains and swinging price action back to bearish territory. Overall, the downtrend set in motion from late April 2023 remains. #Bitcoin Technical Analysis The downtrend is clear as long as BTC remains below $28.3k and $30k on the upper end. As such, traders might find opportunities to double down on their shorts. This preview depends on if bears will press lower today, confirming yesterday's losses and pushing BTC below the $25.8k support level marking this week's lows. In all, conservative traders should watch out for how price action pans out, aware that a high volume break below this week's lows will trigger further liquidation. From that, the bear breakout formation of last week will be confirmed, setting the motion for a possible drop towards FWB:25K and $22.5k in a sell trend continuation formation. What to Expect from #BTC? Overall, the short-term trend ticks to favor sellers. There have been no solid gains above immediate liquidation levels to support bulls. Therefore, every opportunity where prices rise towards $28.3k may offer entries for traders expecting further losses in the short to medium term. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Bitcoin Bearish below $28.3k, Selling Pressure FallingPast Performance of Bitcoin Bitcoin prices remain flaccid, moving within a tight range, in a general bearish formation. After temporarily floating above FWB:27K , prices dropped below the critical resistance level. As it is, bears remain in control. BTC is in a breakout formation with liquidation levels at FWB:27K and $28.3k. As it is, sellers can look for entries. However, there could be more once there is a break below last week's lows at $25.8k. #Bitcoin Technical Analysis The path of least resistance is southwards, at least in the immediate term. The failure of bulls to push forward yesterday swung prices in favor of sellers. Still, prices remain in consolidation. However, this can change if there is a decisive, high-volume dump below $25.8k. In light of this, conservative traders can wait while aggressive traders double down, selling on attempts to retest the ceiling at FWB:27K and $28.3k, respectively. This preview will be canceled once prices surge above $28.3k and $30k with expanding volumes. If not, BTC could crash towards FWB:25K and $22.5k, especially if the coin drops below last week's lows. What to Expect from #BTC? The coin remains under pressure, but selling momentum is waning. There are higher highs relative to the lower BB, signaling strength. Even so, sellers have the upper hand unless bulls push prices above $28.3k. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin seeking re-test of Head & Shoulders after LOWERLOWBitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the volatility must show for this to be a valid sell. This bullish push is all apart of a weak momentum swing high. This setup will appear the clearest on 4H and 1H. I will take entry on the 30 or 1H.
COINBASE:BTCUSDShort
by DesharedPierreJr.
#Bitcoin Floats Higher, Gains Could Be Short-LivedPast Performance of Bitcoin The rejection of lower prices on May 12 was the foundation that anchored yesterday's gains. BTC prices are above FWB:27K when writing and look solid, reading from the candlestick arrangement in the daily chart. Overall, BTC may recover. Whether buyers will flow back depends on if prices break above $28.3k in the session ahead. #Bitcoin Technical Analysis Though prices are higher, trading volumes are relatively thin, and BTC remains within a bear breakout formation. At this stage, sellers are still in a commanding position. Notice that prices are still inside the May 10 to 12 trade range, swinging price action to favor sellers from an effort versus result perspective. In the days ahead, there must be a conclusive close above the $28.3k and $30k, with expanding volumes, for buyers to take charge. Conversely, any contraction pushing prices below last week's lows at $25.8k may trigger more dumps towards FWB:25K and $22.5k in a bear-trend continuation formation. What to Expect from #BTC? Sellers have the upper end despite yesterday's gains. This preview holds if prices are below the $28.3k and $30k zone. Moreover, prices are higher with lighter volumes, meaning participation is still lower; suggesting weakness. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Rejects Bears after Slipping To $25.8kPast Performance of Bitcoin The last three days have been turbulent for BTC prices. Bitcoin prices crashed to as low as $25,800 before bouncing and stabilizing. Despite the recovery, price action favors sellers since the coin is trading at below critical resistance. Overall, this outlook will remain bearish and can influence price action in the session ahead. #Bitcoin Technical Analysis The bearish outlook remains until prices break $28.3k and $30k. This can happen considering the long lower wick of May 12, pointing to strong rejection. Notice that the follow-through wasn't strong, suggesting pent-up momentum that can only be shaped once there is a breakout. A surge higher may be the foundation for a leg up to $31k. Moreover, the strong rejection on May 12 is at the 50% Fibonacci retracement level of the March to April 2023 trade range, an important level. Therefore, how prices pan out in the days ahead can shape the medium-term trend. What to Expect from #BTC? The bear run could be coming to an end, and the May 12 bar had a long lower wick suggesting intense buying pressure. Moreover, the divergence from the lower BB indicates low volatility. Therefore, there are risks for traders who might short without a convincing close below last week's lows at $25.8k. For now, any upswing above $28.3k might ignite demand. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin StrugglingHello traders, here is my view for btc at the moment : Bitcoin was in bearish move since May 5th with increasing volume + open interest and convergence with RSI momentum in daily timeframe, this is a confirmation for strong bearish move. What I expect : BTC weekly closed below 26900 next stop is 25k area BTC weekly closed above 27250 next resistance is 28k area But BTC would not go above 29k IMO since there is a strong channel resistance. I personally bearish for BTC since the abc correction target is on 25k area which is psychological number + fibonacci retrace confluences.
Short
by PakRT
#Bitcoin Slips Below Critical Support, BTC Traders Targeting $25Past Performance of Bitcoin On May 11, Bitcoin prices fell lower, dropping below the FWB:27K level. BTC is below the primary trade range, distributing and under pressure at spot rates. Bears have the upper hand, and sellers can look for entries, riding the emerging trend with targets at crucial support levels in the short term. #Bitcoin Technical Analysis The path of least resistance is southwards, reading from the performance in the daily chart. BTC prices are trending below the wedge and April 2023 lows in a breakout formation. Moreover, bear bars are beginning to band along the lower BB, suggesting that momentum is shifting to support sellers. Based on this, traders might start looking for entries on any attempt higher toward $28.3k and the April 2023 lows. Targets will be FWB:25K and $21.5k in the days ahead. Any reversal, pushing prices above $28.3k and $30k, will nullify this preview. What to Expect from #BTC? After a 56% rally from mid-March, BTC is cooling off. This retracement precedes a consolidation from late March through April when the coin soared toward $31k. Still, as BTC falls, whether sellers will double down in the days ahead will shape the medium-term trend. Resistance level to watch: $28.3k Support level to watch: FWB:25K Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin Wants 28.8! Will the 3 wave pattern playout?Bitcoin Swept the lows yesterday and reached out target 26.8! I am not yet convinced that we are going lower WITHOUT sweeping the high ~28.8 ( our supply zone) so today with PPI data we could see the move coming. SPX yet has to fill the upper gap, it could touch it today and that will get btc to our target as well then SPX could start bleeding till it gets to the lower gap NQ1 Has bearish Div all over the place.And Ive talked about how to determind a supply or demand zone. 3 wave pattern = Dump,Pump,Dump . the first dump happend and we are wating for the two next move. Thanks for all your support- means a lot to me.
Short
by pcmonk
#Bitcoin Dumps, Breakout below $27k Highly LikelyPast Performance of Bitcoin On May 10, Bitcoin prices crashed to as low as $26,900. However, prices recovered with a Doji bar forming. Still, the coin is lower when writing, within a bearish formation, with a high probability of even more losses in the sessions ahead. For now, traders should watch out for how prices react at the immediate support of $27k. #Bitcoin Technical Analysis There are a series of lower lows at spot rates, and Bitcoin is no exception. Specifically, in the 1hr chart, prices are within a bear bar of yesterday's NY session. Therefore, sellers have the upper hand unless there is a sharp expansion above $28.3k. For this reason, traders can look for shorts in lower time frames However, a breakout below yesterday's lows and FWB:27K would provide better entries for risk-averse traders. In that case, BTC may slip to as low as FWB:25K in the coming sessions. What to Expect from #BTC? As mentioned earlier, Bitcoin is fragile, and sellers are pressing on. While aggressive traders can look to dump on any attempt higher towards $28.3k or May 10 highs, there are better entries once there is a comprehensive close below April lows. Resistance level to watch: $28.3k Support level to watch: FWB:27K Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Volatility Drops, Will April Support Line Hold?Past Performance of Bitcoin Bitcoin prices are drab, trading inside a narrow range in a predominantly bearish formation. Although the bears of May 8 weren't confirmed, the failure of bulls to push higher points to weakness. As it is, the immediate support line remains at $27k. Conversely, how prices react at $28.3k and $30k may shape the short-term trend. #Bitcoin Technical Analysis Overall, the trend is bullish from a top-down preview. Sellers are pressing lower but have failed to break below the multi-week support at $27k. This line also flashes with April 2023 lows. If broken, the coin could drop to as low as FWB:25K in a bear continuation formation. All the same, this breakout should be with expanding volumes. Notice that prices are generally in range after the expansion of mid-March which also had high trading volumes. The current consolidation has low participation levels, pointing to possible cautious traders. What to Expect from #BTC? The upside momentum remains, but it is vital to see how prices react at FWB:27K and $28.3k. Though prices dropped on May 8, the failure of follow-through at the back of generally lower trading volumes is a concern. A breakout below the immediate support line would break the bulls' resilience, allowing for the next leg down. Resistance to watch out: $28.3k Support to watch out: FWB:27K Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Slips, May Break Below $27k Marking April 2023 LowsPast Performance of Bitcoin Bitcoin is down 4% on the last trading day, dropping below $28k, and inching closer to FWB:27K , an important support level. This reaction points marks April 2023 lows. If lost, BTC may break out, slipping towards FWB:25K in continuation of losses posted from April 19. #Bitcoin Technical Analysis In the daily chart, BTC is down 12% from April highs, dropping lower as the upside momentum fades. Even though buyers are in control from a top-down preview, a head-and-shoulder pattern has formed in the daily chart. Primary support is at FWB:27K , marking April 2023 lows. Therefore, with sellers pressing on, albeit with low volatility since BB are nearly horizontal, traders can watch out for how prices react at $27k. Ideally, a breakout with expanding volumes could see BTC drop to as low as $25k. Any upswing above $28.3k and $30k, reversing recent losses, will invalidate this bearish outlook. What to Expect from #BTC? Buyers are confident that prices will recover. Even so, losses have been steep, and the coin is at the cusp of breaking a critical, multi-month support level. Any drop below this line may mark the beginning of a leg down, pressurizing coin holders. Resistance level to watch out: $28.3k Support level to watch out: FWB:27K Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin Price Analysis: Potential Volatility SpikeHello dear TradingView community, it's Vestinda back again with an insightful analysis of Bitcoin's price movement. Today, we will delve into the current market conditions and identify key signals that may lead to an upcoming volatility spike. As always, our analysis aims to provide you with a positive and professional perspective on Bitcoin's price action. Price Structure and Triangle Pattern: On the daily timeframe , we can observe a fascinating price structure taking the form of a triangle. This pattern has been gradually forming, with the price converging towards the apex. Triangles are widely regarded as neutral price patterns, indicating that a breakout can occur in either direction. As traders, we must acknowledge the balanced nature of this pattern, assigning an equal probability of around 50% for both upward and downward breakouts. MACD Indicator: To gain further insights, let's turn our attention to the monthly timeframe and examine the Moving Average Convergence Divergence ( MACD ) indicator. Remarkably, this indicator is on the verge of a bullish crossover this month. The imminent bullish signal boosts the likelihood of an upward breakout from the triangle pattern. Considering this development, we can assign a conservative estimate of a 20% chance for an upward breakout, emphasizing the potential for positive price movement. RSI Indicator: Additionally, we have analyzed the 8-hour timeframe and closely observed the Relative Strength Index ( RSI ) indicator. It is noteworthy that the RSI perfectly mirrors the triangular shape of the price pattern. Such synchronization between price action and the RSI strongly suggests an increased probability of a volatility spike in the near future. This alignment provides further evidence to support the notion of an imminent breakout. Risk Management: While the prospects of Bitcoin's price movement appear promising, it is crucial to approach trading with a cautious mindset and implement effective risk management strategies. By setting appropriate stop-loss protections and managing risk, you can safeguard your capital and navigate the market confidently. Target Zones: Identifying potential target zones is essential for devising effective trading strategies. Currently, the significant support and resistance zones are situated between $22,000 — $ 24,000, and $ 32,000 — $ 34,000, respectively. These zones have historically displayed notable price reactions, making them crucial areas to monitor closely. Bitcoin's price analysis reveals a compelling narrative of an impending volatility spike. The triangle pattern, coupled with the MACD indicator's potential bullish crossover on the monthly timeframe, provides a positive outlook for Bitcoin's price. Additionally, the RSI indicator's correlation with the triangular shape further strengthens the case for increased volatility. However, it is imperative to exercise caution, employ risk management measures, and monitor critical support and resistance zones. By combining a positive mindset, professional analysis, and prudent trading practices, we can get impressive results! Stay tuned for further updates, and happy trading!
INDEX:BTCUSD
by Vestinda