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Btcusdtlong

Wave 4 of Bitcoin: Structure of a FlatHello dear friends, I hope you are doing well. It took a long time to identify the structure of this prolonged sideways movement. I watched many videos and referred to my notes, and this has been very helpful. The current wave structure in which Bitcoin is moving sideways is a flat pattern. This structure typically occurs in Wave 4 of Elliott Waves. What is a Flat? A flat is a corrective wave pattern in Elliott Wave theory that consists of three phases labeled as ABC: ------------ - Wave A consists of 3 waves. ------------ - Wave B consists of 3 waves. ------------ - Wave C consists of 5 waves. ------------ In general, the movement pattern of this structure is 3-3-5. ------------ After the pattern is complete, a breakout to the upside usually occurs (since Bitcoin was in an uptrend before this). Sometimes this pattern can combine in a double or triple formation, which we will review below: Double Flats: Double flats can be divided into three categories: 1. Flat + Flat 2. Flat + Zigzag 3. Flat + Triangle -------------- To connect them, an X wave is needed, which also has a 3-wave structure. -------------- Conclusion: If the top of this flat is broken, Wave 5 movement will begin. If the top is not broken and the correction continues, it means this upward movement was Wave X, and we should expect a larger flat, zigzag, or triangle pattern. Once the structure is identified, the chart will be updated.
Long
by Sadegh_Sh
7
BTCUSDT #49 ( ready to start upward move ) Hello dear traders. Good days. First of all thanks for your comments and support . BTCUSDT on monthly Gann Square could not able to broken Gann Square price level and with get support from the lower Gann Square Fan line and pass Bearish Gann Square phase it is ready to broken upward and move to the upper Gann Fan line and Gann Square Arc resistance. Small sharp decline up to the 67k can we consider and then upward move . Good luck and safe trades.
Long
by SHAlavi
BTCUSDT Forms Bullish Flag Pattern, Eyeing $80000 Target.BTCUSDT has recently formed a bullish flag pattern, indicating potential for a substantial price increase. The immediate target is set at $75,000 following three months of consolidation. However, traders are advised to maintain a stop-loss strategy to manage risks. BTCUSDT (1D Chart) Technical analysis BTCUSDT (1D Chart) Currently trading at $69600 Buy level: Above $69500 Stop loss: Below $65900 TP1: $72000 TP2: $75000 TP3: $80000 TP4: $90000 Max Leverage 5x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
1
#BTC/USD Forecasts Suggest a Rally to $85,000 in Q3!📊 BTC/USDT Technical Analysis by Cryptorphic 📊 As of June 3, 2024, BTC/USDT is showing promising signs of a potential breakout. The price action is currently testing the upper boundary of the bullish flag in weekly, with significant support levels around $62000. 🔍 Key Levels: - Support: $62,959.01 - Resistance: $69,001.80 (Current Price) The 200 EMA has acted as strong support, with the price bouncing off the highlighted support zone multiple times. The recent bullish momentum suggests a breakout could be imminent. 🟢 Bullish Scenario: - A breakout above the current resistance of around $69,000 could propel BTC towards the next psychological level of $72,000 and beyond. According to Fibonacci extension levels, BTC could reach approximately $86,700 within the next 6-8 weeks. 🔴 Bearish Scenario: - Failure to break above the resistance may lead to a retest of the $62,959.01 support level. Stay tuned for more updates and trade wisely! 📈 Please hit the like button if you like my charts. Thank you #PEACE
GEMINI:BTCUSDLong
by Cryptorphic
2
Bitcoin's Post-Halving Surge: Is the Bull Run Here to Stay?Hi Realistic Traders, let's take a look into the technical analysis of BINANCE:BTCUSDT after halving! Bitcoin has consistently held above its bullish trendline, rebounding from it three times. Recently, it has moved above the EMA90 line again, suggesting the trend could continue. A closer look at the price action shows Bitcoin breaking out of a falling wedge pattern with a bullish Marubozu candlestick. The MACD momentum indicator has shifted from the negative to the positive zone. All these technical factors support the potential for upward movement toward our first target at 79,173 or the second target at 71,415. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
2
BTCUSD 1H Long Trade - 1:3 RRRRRR: 1:3 SL: 67400.00 TP: 72900.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
COINBASE:BTCUSDLong
by panjikadar
1
Bitcoin Rainbow Chart hints at the right buying time | 28.05www.blockchaincenter.net Investors’ confidence in Bitcoin (BTC) has somewhat dwindled as the king of crypto fails to go above $69k. However, the Bitcoin Rainbow Chart revealed that BTC was actually mimicking its 2020 trend post-halving. The revealed that after months of its third halving, the Bitcoin Rainbow chart revealed that the coin entered the “BUY” zone. After remaining in that zone for a few months, BTC’s price skyrocketed. A similar trend was seen in BTC’s 2024 Rainbow chart, as it indicated that the coin was in the buy zone. If that is to be considered, then this might just be the last opportunity for investors to buy BTC at a lower price before it moves up and enters the accumulate and HODL zones. Like metrics, most of the technical indicators also looked bearish. For instance, the MACD displayed the possibility of a bearish crossover. The Relative Strength Index (RSI) registered a decline, indicating a price drop soon. Nonetheless, the Chaikin Money Flow (CMF) remained bullish as it went northwards. WHITEBIT:BTCUSDT
Long
by paul_endeo
📉Think Outside the Box BTC!📈BINANCE:BTCUSDT COINBASE:BTCUSD Hello Dear Traders. 🔴The market has reached the end of its suffering range and our team's holiday break is nearing its end. ⚡️ In this post I will track the BTCUSDT movements as long as it stays inside the Box. 🔴The past few weeks, the pressure of market volatility was very high and we needed a break. We will review the market again from today. Please share the analysis posts to support and give us energy.
by CrazyS
BTCUSDT close to 4h support, likely to bounce towards 70kHere is a new long trade idea. The price got rejected from hourly resistance HR1 after bouncing from hourly support HS1 several times. However, on the last drop on this support, the price broke that support and went southwards. The price will likely bounce from 4h support 4HS1 and will create an opportunity for a long trade towards 4h resistance 4HR1. Lets see how it plays out. Let me know what you think in comments.
Long
by angela_altair
1
BTCUSD Money Heist Plan in Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist BTCUSD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level market Will be overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
BITSTAMP:BTCUSDLong
by Thief_Trader