BTC - Fortnightly Outlook - 01/04 to 12/04The bulls won! They pushed prices above their historic highs, and ETFs also performed remarkably well, backed by securities houses. A beautiful victory! But now, who will be the next opponent?
Just like gold, is Bitcoin (BTC) fulfilling its role as a protective reserve? Given recent news, it appears so. Everyone is rushing into cryptocurrency, just like they rush into gold when things in the world seem to go off the rails. Curious, isn't it?
Let's analyze the graph:
Long term: There are no signs of a change in direction in the long term. The uptrend remains firm and strong, pointing towards new highs. Impressive, isn't it?
The SETUP used does not indicate a weakening of this trend. Therefore, we do not expect abrupt corrections (or disasters) at the moment, unless something unexpected happens (lol) and the market decides to treat BTC as a punching bag (regulation, government interference, etc.). See the image below, with all SETUP targets achieved, including forming the “Golden Triple of SETUP”. Incredible strength!
Mid-term: The dispute between bulls and bears continues. Sometimes bulls thrust their horns upwards, while other times bears lunge downwards.
The corrective channel outlined previously is being respected, and there are signs that we may have an H&S (Head and Shoulders) pattern. Interesting, isn't it?
An important warning: The bears appear to have set a trap for the bulls. The loss of the 66.5K range makes room for corrections up to 42K. For this to happen, prices just need to start working below 70K, especially if this week's candle closes below that level. See the image below.
Short term:I leave a beautiful image below for you to contemplate. Graphical analysis is really fascinating, isn't it?
Do your analysis and good business! Be aware.
If you buy, use Stop Loss.
See also other graphical analyses. 📈🚀
Btcusdtlong
BTCUSDT to head upward towards 72000-73500Here is a trade idea on the long side for BTCUSDT. The price has been trading under the hourly resistance (removed from the chart, but can be seen in the connected post) and now it has trading inside that zone. I mentioned in my last post that I am inclined towards an upward move and I think it seems more plausible with the price action shown in past hours. The target of this long trade is the daily resistance zone which is around 72000-73500.
BTC 90K is not for away!We have entered the second quarter where markets will make sharp movements.
Determining the ranges beforehand is a master's work and not accurate. However, I think the points I have highlighted in blue have the potential to create a nice range.
After the deviations here, I think the price could suddenly reach 90K. Before this 90K move, maybe we will make deviations in the red boxes and see a retest to the 0.5 point. In this case, I want to build a long position with 3% risk by adding another 1.5% to my position.
BTCUSDT heading towards daily resistance around 72000The price was pushed down by 4h resistance 4HR1 as we were expecting. The pullback happened and the price went below the 4HR1 zone. I believe we still have move to the upside left and soon the price will continue its upward journey towards next resistance 4HR2 and then very likely towards DR1. Now the question is if the price will start moving up from here or does it have some more downside move left. I think the price will not move down significantly. It might reverse from the current level or it can go to the level B marked on the chart in the best entry case scenario. I am scaling my position up between A and B level.
BTC/USDT Update BTC/USDT:
The price of Bitcoin is currently attempting to break out of the trendline resistance for the 5th time. I believe that this time it will successfully break out and experience a significant upward movement. In the event of a fakeout, there is an alternative scenario where the price may retreat towards the 60-59k range before bouncing back up to 72k. Overall, my sentiment is bullish, and I anticipate the price reaching 72k in the coming days.
Please note that the above is not financial advice. Kindly conduct your research (DYOR) before making any investment decisions.
📈Quick Bitcoin Long Setup / 49Min (Updates soon)📉BINANCE:BTCUSDT
BINANCE:BTCUSD
Hello traders.
Bitcoin has a bullish guard above the current support.
Volume management and risk-free strategy are very important in this setup.
Bollinger band midline movement can help you manage your risk.
The divergence of the indicators is shown in the chart.
BTCUSDT:Mainly short-selling at high positions, long with cautio
The large-level trend has turned bearish. Try to focus on high-altitude trading, and be cautious when going long.
Judging from the current trend, the resistance is mainly concentrated around 68000 and the support is around 64000. Trade around this range first. If it falls below 64000, you can make a small rebound. Don’t be too greedy when trading. Close the order in time when there is a profit.
The rebound resistance will be concentrated in the 64000-65000 range.
BTCUSD:Head and shoulders, short
The head is composed of a double top. The current form is closer to the head and shoulders . Once confirmed, the market will inevitably fall sharply, so my trading view is to go short as much as possible. The important resistance is 66,000, the support is around 58,000, and the target is 53,000-52,000.
This is a large trading space that requires sufficient trading funds and patience. If you have such conditions, you can follow my strategy and the probability of profit is about 90%.
📈Bitcoin is going to rebound? / Trading setups (Updates soon)📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
In the 2-hour timeframe, Bitcoin is trying to stabilize above the 2-hour and 4-hour middle Bollinger lines.
The $69,500 level is an important resistance in front of Bitcoin, if Bitcoin fails to pass this resistance, a head-and-shoulders pattern scenario is likely.
Otherwise, above the $69,000 level, the Bitcoin scenario will change. (This analysis will be updated later)
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BTCUSDT heading towards daily support around 60000The price broke down invalidating our previous trade. Currently it is bouncing from 4h support 4HS1, and I have taken a small position here which I will close around 65000. The price is approaching towards daily support zone DS1 on this drop. This is a broad zone. However, the more robust area is the mid of the zone marked in dark green shade. I think the price has a high probability of bouncing from the dark green zone. I will take a long from the green zone scaling more into as it goes deeper there.
📈Bitcoin Next Stage 75K? / Trading setups (Updates soon)📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
A few hours ago, before I left the Bitcoin analysis chart. I drew two bullish and bearish scenarios for Bitcoin.
Despite being late for a valid entry, I still think Bitcoin will go near the $75,000 level before the price correction. However, in the current situation, Bitcoin should not go back below the pitchfork nearest line (blue line). A bearish scenario could happen sooner if Bitcoin returns below the indicated blue line.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Complete analysis of Bitcoin (time and price analysis)Hello dear friends
I hope you have used Bitcoin and Tether Dominance analysis (I informed the exact date of the previous 2 corrections)
We are at a stage of the market where it is very difficult to overcome greed, be sure that if the market was going to make more profit than this, I would have opened a long leverage position of 3 or 5 right now, but it is not the case.
Some friends say that Tether has minted 9 billion dollars during this period, this is a bullish sign, well, in the history of crypto, Tether has minted almost another 90 billion dollars, but it has never been able to break its long-term support line (Tether Dominance Analysis).
So from the psychological point of view, it has a strong impact on the price.
2 simple technical tips to prove the weakening of the Bitcoin trend:
1- After breaking the resistance of 53,000 to 54,000, in the 4-hour or daily time frame, the price moved without a pullback, and as you can see, a FOMO wave was formed.
2- This Fomo wave has formed 3 FVG (price gap) in a row, which technically closes sooner or later when the price reaches this area.
Taking into account Bitcoin charts, Bitcoin Dominance, Tether, and proximity to halving, the probability of price correction is higher than increase, so I open a short position with leverage of 3-5% and place stop loss 2-3% higher than time limit, in order to manage capital and risk. I will place it from the historical ceiling (target range of 53-54 thousand)
Friends, pay attention, maybe a pattern will form in the lower time frame (1 hour or 30 minutes) and its ceiling will break, but this movement is nothing but a bullish trap.
Time analysis: I think the time range from March 11th to 25th, is the golden 14 days of the market to enter the corrective phase, note that the market maker is in control of the media and will do anything to make people excited.
I suggest you read the previous 2 analyzes.
I would be happy if you share your opinion with me.
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BTCUSDT: First 80K and then 100K, Wait for the major correction!BINANCE:BTCUSDT first and second entry had activated and price moved exactly the way we had explained. Now we are expecting price to hit 80K and then do major correction and then bounce from our third entry and hit the area of 90K and 100K. Price may not make major correction and continue the bullish movement.
good luck and trade safe.
BTCUSD Bitcoin Robbery PlanDear Crypto Looters,
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BTCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
My midterm (6-10 months) expectations on BTC.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
DYOR!
BTC crossed ATH, whats next ?BTC /USDT
BTC has crossed the previous ATH as per my previous anlaysis since 50K (see in attachment below) with new all time high price recording today +71K !
Whats Next ?
Well, in all BTC history we had 3 mega bull run
2013-2017-2021
and since BTC was very primitive at 2013 the logical comparison here is 2017 -2021
In 2017 Bullrun :
BTC made a new ATH then made flash crash and dropped below the previous ATH once again before the bullrun started
In 2021 Bullrun :
after BTC crossed its previous ATH the price didn't drop below it and strong bull run has started directly
in my chart above you can see both fractal ,,
which one has higher chance here ? share your opinion in comment section below
Will BTCUSD drop significantly?
Rely on technical aspects. The market still maintains a strong upward trend. The first point is the universalization and value-added of digital currency, which is also the first choice to resist inflation. The second is continued weakness in the dollar, and the third is increased demand. Three simple points outline BTC’s strength. At the same time, mysterious buyers always cover their positions at low levels. The above adds strong support to the bottom of BTC.
BITSTAMP:BTCUSD CRYPTOCAP:BTC INDEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD
Whether it is value investing or short-term speculation, I think the time to buy is sooner or later. Just need to measure your own financial situation. Can you bear the risk of a correction?
Based on the above, the following suggestions for buying BTC are given. The prices are based on tradingview's prices.
BTCUSD No. 1 Buying Position 72614
BTCUSD 2nd buying position 71535
BTCUSD 3rd buying position 70500
The strong support below relies on 70k, which is an important integer level.
BTC MACRO Perspective - LONG Way to go📉Hi Traders, Investors and Speculators of Charts📈
It's been a while since I've done a macro update on BTC since the previous update.
I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from a "holistic view" that would include things such as growth and inflation.
A logarithmic chart view displays price changes as a percentage of the previous price. This means that equal vertical distances on the chart represent equal percentage changes, regardless of the absolute price level.
This is in contrast to a regular chart view, which displays price changes on an arithmetic scale. This means that equal vertical distances on the chart represent equal absolute price changes.
With help of great technical indicators, we can use the logarithmic chart as a sort of "roadmap".
The logarithmic trendline indicator (log trend channel) shows possible support and resistance zones. The logarithmic moving averages show possible support zones, and help identify if the price is generally trading bearish (under) or bullish (over).
First immediate support according to the logarithmic moving averages is around 51K:
Another interesting way you can use technical indicator in the MACRO timeframe, is by using the RSI such as this:
Here's another look at it from the MONTHLY logarithmic chart:
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