BTCUSDT Parallel Channel BreakoutBTC break the upper side of the channel, now on retesting of channel support we can take entry of Buy.
It's a long term trade(daily timeframe) so manage your risk accordingly.
Bitcoinlong
Ethereum's Potential Surge: Bouncing Back from a 7-Year Support The recent weeks have been pivotal for Ethereum, the world's second-largest cryptocurrency. While its price faced some fluctuations, a crucial technical development suggests a potential for significant growth in the near future. Analysts are closely watching a technical indicator that hints at a bullish outlook for Ethereum in the coming months.
The Power of the 7-Year Support Line
The indicator in question is the ETH/BTC ratio, a metric that compares the performance of Ethereum relative to Bitcoin. This ratio recently bounced off a significant support trend line that has been in place for a staggering seven years. This trend line essentially represents a historical price barrier below which the ETH/BTC ratio hasn't fallen for an extended period.
Technical analysts view such bounces from long-term support lines as potentially bullish signals. The argument is that when prices find support at these historical levels, it often precedes a period of price appreciation. In simpler terms, the fact that the ETH/BTC ratio held above this key support line suggests a potential reversal of the recent downtrend and a possible upswing for Ethereum relative to Bitcoin.
Dissecting the Bullish Signal
There's more to the story than just the bounce itself. The specific candlestick pattern formed at the support line adds further weight to the bullish interpretation. This pattern, known as a "hammer," is characterized by a long lower wick and a relatively small body, indicating selling pressure that was ultimately overcome by buying pressure. In the context of the ETH/BTC ratio, this hammer suggests that while there were attempts to push the ratio lower, bulls stepped in and prevented a significant decline.
What Could This Mean for Ethereum Prices?
While the bounce from the support line and the hammer candlestick pattern are positive signs, it's important to manage expectations. Analysts aren't suggesting an immediate surge to $4,900, the number mentioned in some headlines.
However, the technical signals do hint at a potential for a sustained increase in the value of Ethereum relative to Bitcoin. This could translate to a notable rise in the USD price of Ethereum as well.
Factors to Consider Beyond Technicals
While technical analysis plays a role, it's not the sole factor influencing cryptocurrency prices. Here are some additional considerations:
• Overall market sentiment: A bullish trend in the broader cryptocurrency market would undoubtedly benefit Ethereum.
• Developments on the Ethereum network: Upcoming upgrades or positive news surrounding the Ethereum blockchain technology could further fuel its growth.
• Regulatory landscape: Regulatory clarity and adoption of Ethereum-based applications could attract more users and investors.
A Cautious Approach with a Hint of Optimism
The bounce from the 7-year support line offers a glimmer of optimism for Ethereum's future. However, investors should exercise caution and conduct their own research before making any investment decisions. The cryptocurrency market remains volatile, and unforeseen events can always impact prices.
Conclusion: A Potential Turning Point for Ethereum
The technical indicators surrounding the ETH/BTC ratio suggest a potential turning point for Ethereum. While the exact price trajectory remains uncertain, the bounce from the long-term support line and the bullish candlestick formation paint a hopeful picture for Ethereum's relative strength in the coming months. By staying informed about broader market trends, technological advancements, and regulatory developments, investors can make informed decisions about their Ethereum holdings.
Spotting Bitcoin Bargains: Key Price Levels for Savvy InvestorsThe ever-volatile world of Bitcoin can be daunting for investors, especially when it comes to pinpointing the right moment to buy.
The $66,000 Threshold: A Potential Re-Test and Buying Zone
If the price dips below the $66000 level, it could trigger a further decline, potentially reaching the lower range of its recent consolidation period. This scenario, however, presents a prime opportunity for investors to accumulate Bitcoin at a potentially discounted price.
Beyond $66,000: $61,000 as Another Possible Entry Point
Analysts state Bitcoin could slide further, potentially reaching $61,000. This price point could represent another significant entry point for investors seeking to add Bitcoin to their portfolios.
By closely monitoring these price levels, particularly the potential support zones around $66,000 and $61,000, investors can potentially capitalize on market dips and acquire Bitcoin at a potentially lower cost. However, it's crucial to remember that these are just potential entry points, and the market can be unpredictable.
Dollar-Cost Averaging (DCA): A Sensible Strategy for Volatile Markets
While strategic buying based on price zones can be tempting, analysts advocates for a strategy called Dollar-Cost Averaging (DCA) during volatile periods. DCA involves investing a fixed amount of money into Bitcoin at regular intervals, regardless of the current price. This approach aims to average out the cost per Bitcoin over time, mitigating the risk of buying at a peak.
DCA is a prudent strategy, especially for those new to the cryptocurrency market or those who prefer a less hands-on approach. It removes the emotional element from investing and encourages a disciplined, long-term perspective.
Beyond Price Points: Additional Considerations for Bitcoin Investors
While price levels are a significant factor, they shouldn't be the sole consideration when buying Bitcoin. Investors should also consider the following:
• Overall market trends: Analyze the broader market sentiment and identify any potential bullish or bearish signals.
• Technical analysis: Utilize technical indicators to gain insights into potential support and resistance levels.
• Fundamental analysis: Evaluate the underlying factors driving the value of Bitcoin, such as adoption rate, regulations, and upcoming developments.
• Risk tolerance: Be honest about your risk tolerance and invest only what you can afford to lose.
The Final Word: Strategic Buying and a Long-Term Vision
Strategic buying based on price zones can be a valuable tool for investors seeking to maximize their returns on Bitcoin. However, it's crucial to combine this approach with a well-rounded investment strategy that considers market trends, technical analysis, and fundamental factors. Additionally, adopting a Dollar-Cost Averaging strategy can be a sensible way to navigate volatility and build a Bitcoin position over time.
Remember, Bitcoin is a highly volatile asset, and there's no guaranteed path to success. By combining strategic buying with a long-term vision and a well-defined risk management plan, investors can potentially increase their chances of profiting in the dynamic world of Bitcoin.
[BTCUSD] - BULLISH RALLY IS COMINGBITSTAMP:BTCUSD looks cheerful in LTF as there is a golden cross in both 4h,6h TF
getting 90k is matter of time .. u can see the previous golden cross and how it raise from 42k to 73k!!
dont forget to support us with ur like ,comment and follow for more ideas🎯
BTC to break its ATH On June 12? The price of Bitcoin dropped 1.1 percent to $67,828 over the past 24 hours. Its price is now 8 percent below the all-time high reached in March, Trading View’s Bitcoin chart shows.
Bitcoin is likely to break its all-time high if the upcoming May US inflation figures come in below April’s 3.4 percent, 10xResearch forecasts. “As the next CPI data release is scheduled for June 12, we expect that Bitcoin ETF inflows will likely remain strong(er) for the next two weeks. This should help lift Bitcoin to new all-time highs,” according to the crypto research firm’s daily note.
Investors will have another inflation-related figure to trade on Friday, when the US personal consumption expenditures (PCE) index for May is released. The PCE index is expected to remain unchanged at 2.8 percent compared to April.
According to ATTMO, both Bitcoin and Ether will profit from a bullish sun, indicating upside potential in the next 24 hours and the week ahead. Follow us for more crypto news and weather reports!
HOLDING LIKE A PRO BTCBitcoin is holdin the price above a strong daily trendline, and this is extremely bullish. In my previous weekly setup, we longed BTC around $65.000, and i think we will go up more. The black rectangle i drawed is the last step to break before the new ATH, and i think we can see a retest of it probably next week. I am not sure we will break it so fast, we will probably range in the $71.000-67.000 area for a while before another leg up. Till $65.000 hold, we are safe
Bitcoin price analysis | 27.05A detailed analysis of the daily chart shows that the $72K-$74K price range has acted as a formidable resistance for bitcoin, halting several upward attempts in recent months. This range is characterized by a high level of supply, resulting in substantial selling pressure and making it a challenging barrier for BTC buyers to overcome.
Bitcoin buyers have been attempting to break through this significant resistance area for several weeks. A sudden breach above this critical juncture could trigger a notable upward movement due to a significant short-squeeze event, potentially leading to a new all-time high.
On the other hand, this pivotal juncture could also act as a barrier, leading to a period of sideways consolidation and minor retracements. In this scenario, the 100-day moving average at $64.7K will serve as a crucial support level in the mid-term.
IMPORTANT BITCOIN ZONE! BOS SOON
Bitcoin is approaching a critical zone on the chart, and it is necessary to wait and see if a break of structure will occur. The trend on the lower time frame is currently bullish. However, on the larger picture, as seen on the daily time frame, it remains bearish. Notably, Bitcoin is positioned above all key moving averages (MA20, MA50, MA100) , which is a bullish signal. The support zone is at 68,500 . We are heading into an interesting week ahead.
www.tradingview.com
BTCUSD Money Heist Plan in Bullish DirectionMy Dear Robbers / Traders,
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BTC DAILY ANALYSIS
After shift market structure and rejection of ob ans fvg we will see a continuation to taken liauidity buyside we will see BTC in a new price
- Tading is probability control your risk management.
Good luck !
BTC Long Target 74KFormations of the triangle are starting to reveal it's with the next long target being 74K
BTCUSD WEEKLY ANALYSIS Hello trader here is my setup of Bitcoin as you can see the price has broken the resistance zone that was tested 2 times and the price has done a pullback to that resistance zone so now it will act as support at this stage I am only looking for bullish opportunities only.
BTC IS JUST SHAKING YOU OUTDON'T GET SHAKEN OUT. You just need to know that, and i think it's enough. Bitcoin is testing your patience, and it can probably drop a bit more before a strong upside moves that will lead the price above $75.000. Every dip is now an awesome gift, and doesn't matter how deep the price can drop now, we are going up and we will reach new ATH in some weeks/months
BTC from hereSince my last update, Bitcoin has successfully defended the range lows, and importantly reclaimed the mid-range where we currently trade just under $70,000 at the time of writing. From here we would want to see if the bulls are still in control - below is my take on where we could venture next.
Bullish Scenario
Prices hold and push for the range high’s. We could then see new all-time highs. There may also be a further move back to the range midpoint before the market moves higher.
Bearish Scenario
Failure for bulls to hold prices at these levels, as we are now at levels not seen since mid-April. Price moving below the range midpoint towards $66,000.
Bitcoin looks set to rally above 60kWe all know of the strong rally that catapulted to a fresh record high in March. Yet price action since appears to be corrective. Whilst we do not yet know if this is simply the first leg lower of a complex correction, or it is set to break to new highs - only time will tell. However, it appears set for a leg higher over the near term.
Volume retreated with prices since the March high, which is a typical characteristic of a retracement. Yet a final stab lower found support at the 100-day EMA, 38.2% and 50% retracement levels before a mini V-bottom formed. This also coincided with RSI (14) hitting oversold, which I define as below 40 during an uptrend.
The prices have since retreated lower from the rally back above 65k, and showing signs of stability above 60k. The retracement held above the 61.8% Fibonacci level and are now holding above the 50% level.
Bulls could enter live at market with a stop below 60k (or recent swing low) with an initial target at 65.5, a break above which brings 68k into focus - or the highs near the high-volume node.
BITCOIN analysisHe has not given any signal in the above time frame! He can collect the stops and then climb. It is better to be under the microscope for now
BTC Fractal - 3 Reasons why ATH is still COMINGI've been saying for some time now that the real ATH is still ahead of us. I base this on a few points of observation. First, the Elliot Wave Theory:
Then we're taking a look at an inverse H&S pattern observed on the daily:
Another bullish point to consider is that we have been able to hold above 60k successfully, showing that buyers are scooping up lower entries and putting pressure on bears. Historically, it is considered bullish for the price to consolidate under a resistance zone.
Our technical indicator is also overwhelmingly bullish.
After a cooldown from being "Overbought", we're now ready for another impulse wave up.
And lastly, from a logarithmic view, BTC still has room for growth considering we haven't "peaked" out yet:
Note that here, I'm not intending to say we're going straight to 400K with the next impulse wave. Rater, it is a multi-year outlook on how BTC could grow to much higher prices.
In terms of the correction, we're seeing bullish indicators on the price and so it SEEMS that the pullback may be over and we're ready for another impulse wave up (3 steps). I used WXY to demonstrate how it legs up in three unique phases, on top of the normal Elliot 5 waves.
And so it is important to note that even if we do fall lower to continue down with a correction, as long as we do not fall LOWER than the previous point X (as seen on the fractal in green) we are still very much in a macro bullish cycle.
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BINANCE:BTCUSDT MEXC:BTCUSDT
Bitcoin Premium. Confirming our upward trend. 84.000$Our previous deal closed due to a stop loss. However, since our goals remain unchanged, we're re-entering the deal. We observed a fakeout and subsequent rise, confirming our upward trend. Let's ride this wave! 🚀📈
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We're going to start taking liquidity from the top. 📈💰
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Go with the flow ! Expecting a good upward momentumGo with the flow ! Expecting a good upward momentum.
As you can clearly see that, there is a straight wedge forming which is breaking upward .
And additionly volume is also in our favour , i mean also breaking out. So, go loooooong !!!
Bitcoin Next Target is Channel TopBitcoin is currently in an Up Trend Continuation after a 0.5 Fibonacci Retracement. The Next Target is Channel Top.
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Bitcoin CUP and HANDLE pattern ☕️ Buy the dip-Take the sip🤩🤩60000 $ to 61000 $Price Range is quite holding well.
➣ Bitcoin price is forming rounding bottom in the 60k-61k price zone.
➣ While 65000 $ is the major resistance. We may some good action this point. But the Weekly and Daily uptrend is intact which confirming the BUYING sentiment.
➣Accumulate at current market price we may see further upside in coming sessions.
