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Cup and Handle Pattern FOR $BTCWhat Is a Cup and Handle Pattern? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. KEY TAKEAWAYS A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern. The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, How to Make Money in Stocks.
Long
by CRAGI
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.
BINANCE:BTCUSDShort
by fxtraderanthony
BTC on the way downBitcoin (BTC) against Tether (USDT) is currently priced at $69,731. After an unsuccessful retest, it is anticipated that BTC will undergo another retest before plummeting to a support level of $52,500 to $52,800. The unsuccessful retest indicates a potential weakening in the buying momentum, leading traders and investors to anticipate a decrease in price. This forthcoming retest is viewed as a critical juncture; if Bitcoin fails to maintain its position or show strength, it may trigger a sell-off, driving the price down to the identified support range. MFI on 4h looks, so there can be some trap, ADX low, lets hope it is safe to open position. 1. Target 53 000
Short
by Bitcoinblockchainonline
BTC Bull Flag Potential Target $110,000 Bitcoin (BTC) has been consolidating recently, but analysts see this as a potential launchpad for a significant upswing. A technical chart pattern known as a "bull flag" is emerging, suggesting a bullish continuation could be in the cards. Bullish Flag in Play The bull flag pattern is characterized by a sharp price increase (the pole) followed by a period of consolidation within a narrowing price range (the flag). A breakout above the flag's upper trendline is typically seen as a bullish signal, indicating a continuation of the uptrend that preceded the consolidation. Analysts at Fairlead Strategies point to this formation on Bitcoin's chart, with the price consolidating above $30,000. A decisive break above the resistance level around $31,900, which coincides with the Ichimoku cloud indicator, could be the catalyst for a breakout. Targetting $110,000? If the bullish flag pattern plays out, technical analysis suggests a potential price target of $110,000. This target is derived by measuring the height of the flagpole (the initial price increase) and adding it to the breakout point. Not a Guaranteed Upswing However, it's crucial to remember that technical analysis is not a foolproof prediction method. The cryptocurrency market remains volatile, and unforeseen events can disrupt any predicted trajectory. Downside Risk also Present A breakdown below the bull flag's support level, currently around $51,000, would negate the bullish signal and could indicate a potential price decline. Cautious Optimism While the bull flag pattern offers a glimmer of optimism for Bitcoin bulls, investors should maintain a cautious approach. Close monitoring of price movements and adherence to sound risk management principles are essential when navigating the cryptocurrency market.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Flips Bearish, Price Plummets Below $70.5KPanic gripped the cryptocurrency market this week as Bitcoin, the world's leading digital asset, tumbled below the crucial $70,500 mark. This sharp decline was accompanied by a disheartening shift in a key technical indicator, signaling a potential bear market on the horizon. The CoinDesk Bitcoin Trend Indicator (BTI), long a trusted gauge of Bitcoin's price momentum, has delivered a devastating blow to investor confidence. After a period of bullish dominance since late February 2024, the BTI has decisively flipped into bearish territory. This shift indicates a fundamental change in market sentiment, suggesting a potential reversal of the uptrend that had propelled Bitcoin to record highs earlier this year. While the price plunge and the BTI's bearish turn are undoubtedly concerning developments, some analysts caution against hitting the panic button just yet. Intriguingly, trading volume for Bitcoin remains relatively stable, indicating that some level of investor interest persists despite the selloff. This ongoing activity suggests that the market might be undergoing a period of aggressive correction rather than a complete collapse. Several factors are likely contributing to the current bloodbath in the cryptocurrency market. Mounting regulatory concerns continue to cast a shadow over the industry, with government agencies around the world scrutinizing cryptocurrency transactions and exchanges. This heightened scrutiny is creating uncertainty and deterring some institutional investors from entering the market. Geopolitical tensions and rising inflation are also playing a role in dampening investor sentiment. As traditional markets experience volatility, investors tend to seek safer havens for their assets, and cryptocurrency often gets sidelined during these periods. Furthermore, profit-taking by short-term investors who entered the market during the recent upswing could be exacerbating the price decline. The BTI's plunge into bearish territory serves as a stark warning for Bitcoin bulls. While the indicator doesn't guarantee a prolonged downturn, it suggests a significant shift in the balance of power between buyers and sellers. The coming weeks and months will be critical in determining whether Bitcoin can reverse this bearish trend. If Bitcoin can find support and stabilize above key price points, it could potentially restore some investor confidence and pave the way for a recovery. However, if the price continues its descent and the BTI remains in bearish territory, it could signal a more extended period of decline. This scenario could lead to a significant shakeout in the cryptocurrency market, potentially weeding out weaker players and fundamentally altering the landscape. Looking beyond the immediate turmoil, some analysts believe that Bitcoin's long-term prospects remain promising. They point to the continued development of blockchain technology and the potential for wider institutional adoption as reasons for optimism. These believers argue that the current downturn presents a buying opportunity for investors with a long-term outlook, allowing them to accumulate Bitcoin at a discount. The coming weeks and months will be a test of resilience for the entire cryptocurrency market. Bitcoin, as the bellwether of the industry, will be closely watched as it navigates these turbulent waters. Whether Bitcoin can weather the storm and emerge stronger, or succumb to the pressures of the bear market, remains to be seen. One thing is certain: the cryptocurrency market is in for a wild ride.
BITSTAMP:BTCUSDShort
by bryandowningqln
Bitcoin Price UpdateLook at the chart BTC is at the crucial support zone marked as green zone at $62.4k, if it breaks this zone you see 1 more leg down to $59,005, and if this level does not hold we can see 1 more leg down to the green zone marked at $52,923. There is much liquidity resting in between 52k and 59k. More chances are we can pull back from $59,005 or between. On the chart we marked liquidity in yellow after a pullback it will take that liquidity and we see BTC testing highs again. According to the Bitcoin Exchange Liquidation Map approximately $8.76B liquidity is resting upside Previously we told you liquidity lying above at $72,353 in our post and in our last video and after grabbing that liquidity BTC came down and it followed the plan as we predicted.
by TheCryptoCity
Bitcoin Cools Off After Flirting with Overheated Futures MarketThe Bitcoin market appears to be taking a breather after a period of intense activity in the futures market. Recent data indicates a decline in Bitcoin's open interest, a metric that reflects the total amount of outstanding futures contracts. This development comes after concerns arose about the futures market potentially overheating, which could lead to increased volatility. Open Interest and the Overheating Signal Open interest essentially measures the level of leverage traders are using in the Bitcoin futures market. When open interest rises significantly, it suggests that traders are placing more bets on the future price of Bitcoin, often using borrowed capital to magnify potential returns (and losses). This increased leverage can amplify price movements, leading to sharp swings in both directions. Analysts observed a surge in Bitcoin's open interest in recent weeks, raising concerns about the market overheating. This situation has historically been a precursor to increased volatility, as seen in the lead-up to the FTX crash in November 2022 and the price correction in June-August 2022. Both instances coincided with periods of elevated open interest. The Recent Cool Down Fortunately, recent data shows a notable decrease in Bitcoin's open interest. This suggests that traders might be unwinding their leveraged positions, potentially reducing the risk of a sudden and dramatic price movement. This development is seen as a positive sign for the current Bitcoin rally, particularly by bulls (investors who believe the price will continue to rise). The Battle for $65,000 Despite the cooling off in the futures market, the price of Bitcoin itself remains locked in a battle for the crucial $65,000 resistance level. Breaking above this level could signal a continuation of the current uptrend. However, bulls still face challenges. Technical Indicators: EMAs and RSI Analysts like Skew emphasize the importance of Bitcoin price action maintaining certain technical indicators. These indicators provide clues about potential future price movements based on historical price trends. Two key indicators to watch are the exponential moving averages (EMAs) on both the 4-hour and daily timeframes. EMAs smooth out price fluctuations and highlight the underlying trend. If the price can stay above these key EMAs, it bolsters the bullish case. Another indicator to monitor is the Relative Strength Index (RSI). The RSI measures the momentum behind price movements and indicates potential overbought or oversold conditions. For the current uptrend to continue, the RSI needs to return above the central level of 50, suggesting a return to positive momentum. Conclusion The decline in Bitcoin's open interest offers a sigh of relief for those concerned about excessive leverage in the futures market. However, the price battle for $65,000 continues. Keeping an eye on technical indicators like EMAs and RSI will be crucial in gauging the strength of the current rally and potential future price movements.
BITSTAMP:BTCUSD
by bryandowningqln
BITCOIN DUMP 42000$ BEFORE PARABOLIC MOVE ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Disclaimer
BITSTAMP:BTCUSDShort
by bullstraders7
what is the next move ? 🐺🤔Hello my friend . I hope you fine ; if you readed my previous idea about BTC and also BTC.D probably you are one the people who actually survived form previous dump and now enjoy the profits ; if you missed them you can check them below : BTC.D : BTC : So let's talk about the current BTC situation ; if you look at the daily chart you could defiantly see an obvious support level around the 60500$ area which is very important for BTC , if we lose this support the next support level is around the 50400$ and the ultimate support is somewhere around the 46000$ . but for the bullish scenario we have to wait for the breakout from the downward slopping trend line which represents by the blue line , and in my opinion if BTC break above it we will see a massive run up to the 100K and even more so make sure to prepare your self for the both scenarios . Have nice trades... 🐺
Short
by Kiu_Coin
1
BTC - Weekly Perspective - 04/14 to 04/21Has the top arrived? A question that is on the minds of many traders right now. I won't go into too much detail here, so let's get to the point. Monthly bias: SETUP is not indicating a change in direction, therefore, there are “no things to worry about in this time frame”. For now, right? Don't be naive, please! Going weekly, we have a corrective bearish pivot for the moment, as shown in the image below. Prices are below the zero line of this pivot, the best thing would be for prices to return as quickly as possible above this range (66.4K), snapshot Note: The red lines are support points. We also have a corrective pivot on the short-term chart. Do not forget. "We must measure things looking at the long term, but changes always started in the short term!" Do your analysis and good business. Be Aware, If You Buy, Use Stop Loss! See other graphic analyzes below!
INDEX:BTCUSD
by MacD_Bollinger
Waiting for the Bitcoin Bull Run: A Look at MDIAThe recent sideways movement in the Bitcoin market has many investors wondering when the next bull run will begin. Blockchain intelligence firm Santiment suggests a specific metric to watch: the Mean Dollar Invested Age (MDIA). Understanding MDIA: The MDIA tracks the average age of investments in Bitcoin held within the same wallet addresses. When the MDIA rises, it signifies that coins are being held for longer periods, with less movement or trading activity. This could indicate: • Investor Stagnation: Existing holders are content with their positions and not actively buying or selling. • Whales Holding: Large investors, often nicknamed "whales," might be accumulating or holding onto their Bitcoin, reducing overall market circulation. MDIA and Bull Run Continuation: According to Santiment, a falling MDIA suggests renewed movement from long-held coins. This could signal: • Increased Investor Confidence: A drop in MDIA might indicate that major stakeholders (whales) are returning their Bitcoin to active circulation, potentially fueling a price increase. • Fresh Investment: New investors entering the market with fresh capital could also contribute to a decline in MDIA. Current Market Situation (as of April 13, 2024): • Bitcoin is experiencing a price decline, potentially reflecting investor uncertainty. • It's important to note that MDIA is just one indicator, and other factors can influence market movements. Additional Considerations: • Market Sentiment: Broader market sentiment and external factors can significantly impact Bitcoin's price. Analyzing news and economic data alongside MDIA can provide a more holistic view. • Technical Analysis: Technical indicators like price charts and trading volume can offer further insights into potential price movements. Beyond MDIA: Implied Volatility The recent rise in implied volatility for Bitcoin options suggests increased market uncertainty. Implied volatility reflects the market's expectation of price fluctuations within a specific timeframe. A rise indicates: • Investor Hesitation: Investors might be unsure about the future direction of Bitcoin's price. • Increased Risk Premium: Option traders are demanding a higher premium to account for the perceived volatility. Conclusion The MDIA is a valuable tool for gauging investor behavior and potential shifts in the Bitcoin market. While a falling MDIA can be a bullish sign, it's crucial to consider other factors like implied volatility and broader market sentiment for a comprehensive understanding. By combining MDIA analysis with other technical and fundamental indicators, investors can make more informed decisions in the dynamic world of cryptocurrency. Further Research: • Santiment: santiment.net • Implied Volatility: www.investopedia.com
BITSTAMP:BTCUSD
by bryandowningqln