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Bitcoinupdate

$BTC UpdateAs we have seen for the past couple of days, BTC has exploded with strength and volume we didn’t even see when we initially broke above $60,000 in May. This time we’re seeing an extreme buying volume we suspect to be from institutions. We’re not far from a break above our current All-Time highs, especially considering all the fundamental factors currently in the market, however, the market is not gonna make it as easy for everyone. RSI , MACD , and general market indicators are extremely overbought on both the 4H and Daily charts, tower the Weekly remains extremely bullish. This means that we’re likely going for a $58,000 - $58,500 correction before a significant move up. This corrective move will be just enough to clear out most over-leveraged bulls from their positions, making space for smart money to load on their positions before breaking towards new highs. -------------------------------------------- Best Regards, iSmashProfit™
COINBASE:BTCUSD
by TopGBanks
Inverted cup and handle in BTCOn June 14, we witnessed bitcoin breaking out of it's flag and reaching its 40,000 resistance. As we can see that bitcoin has been rejected by the 40,000 resistance multiple times and eventually started moving down. What it looks like to me is that there is an inverted cup and handle pattern forming in 1H timeframe. If this pattern is completed then we might see bitcoin touching it's 30,000 resistance and if it breaks out of 30,000 resistance as well, the next stop of bitcoin will be 26,000 .
Short
by KbL_
1
Bitcoin trend updateas I have marked on my idea if breach down 53k we gonna roll down to 52 but after that, it's 51 waiting for us. if you see my rectangle after one breakout, it gonna go down sharp but, there is no reason for it and as I imagine, bitcoin gonna range max one day between 53-55,5 until one good break that shows the future bitcoin days. there is no reason for a fall so I think it gonna range for some hours and after that gonna breach upwards forward to 57k and maybe sharp forward to 61,5 k. every number in this text is approximately number for a nearly exact number check my chart.
by Pdrm_z
Three senarios for bitcoin right now, be watchfulWarning: our thoughts are ours; not financial advice. A careful observation of the bitcoin chart this morning, and we can see that there are three case scenarios for bitcoin at the moment. One must play out in a day or two. Maybe slightly more, but very soon. Scenario 1: ABCD Points ABCD is an uptrend channel that started on January 27, 2021. This is the second time we are testing the lower end of the channel in the past six days. If this trend must continue, we must close above that line today. Scenario 2: BEDF Points BEDF is a downtrend channel that started on February 21, 2021. If we break the support line of ABCD to the downside, we will be confirming the BEDF downtrend line and we should see bitcoin price continue to decline to the $42K - $41K in the coming days. Scenario 3: BDE Points BDE forms a triangle. Breaking out to the upside of this triangle means we are confirming the ABCD uptrend (scenario 1). Breaking out to the downside of this triangle means we are confirming the BEDF downtrend (scenario 2). How we plan to play this. If scenario 1 holds true, then we'll be buying a large number of bitcoins at the breakout to the upside. If scenario 2 holds true, we'll wait for a bounce at the bottom line of the channel and take the trade to the top line of same channel. If scenario 3 plays out today, we'll just wait for a breakout to the upside or downside, then take our trades accordingly. Good luck with trading this week.
by coin-barbie
2
Big gap on CME. Correction $16500 or growth to $ 20,000Hello dear traders. At this time, it will be decided where the bitcoin price will be led. Most traders talk about a price decline, since a correction is needed. A small part of traders simply sit on the sidelines and do not understand what is happening. Even less - speaks of the price hike up. I will try to explain to you what to expect in this case, since you see, my previous idea worked as it should again (18150$)! From this price - 18150-18500, you can try to look for a short position to update the price value 17200-16800-16500. (The margin gap is $ 1145 - don't forget that!) At the price 18150-18650 - we have a strong market maker level Which will be hard to break! Also - we have a large gap in the price of CME. which is closed in 91% of cases for 3 to 14 days. But 9% of these gaps are not closed - do not forget about it. This can be a trap for traders. We need a correction and updates 14000-12000 for bitcoin. The big player knows this. So why not fool everyone again. So how did you get a decent volume for the hike up? And many will agree with this. But do not forget that according to many indicators, we are overbought, a new weekly candle will close exactly at its half, which for many will mean an increase in prices and opening of longs! And I will support you. For myself, I have designated two strong levels. It's 18150-18650. If you see - a breakout of the price, and a creep above 18650 - then the price will be sent to update 19000-19500-21000-22000 per bitcoin. Since we have a picture - impulse, correction and continuation, a new upward impulse! But for myself, I have so far chosen the short position, since the volume is falling, there are much more upward movements than the bottom, a gap, a new trading week, and indicators at 4-6-12 hours speak for themselves! I think we will form a double pattern (W) Therefore, from such a value as 18200, with a stop at 18750, I open a short position - in order to update the lower border. and finish this cycle the way it needs it! Plus, this impulse - it just absorbed all the growth that took place for 7-9 days. (I do not remember exactly) Therefore - tomorrow, on Monday, when the CME is opened - you need to be ready for an impulsive price movement! in which side - it is necessary to look at whether we will be above 18150-18350, or below 18050. P.S "I apologize for my ENGLISH, I don't really like to explain the meaning - but I hope you understand what I mean and what I expect!"
Short
by UnknownUnicorn13204076
Bitcoin getting ready for the next move in short termHey guys welcome for a fresh crypto update -------------------------------------------------------- A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :) -------------------------------------------------------- As you can see in this chart we broke out of an descending triangle and got rejected at the resistance. It seems like we are in a channel but we don't have enough candles to confirm. From what i am seeing we might retest the support at 10850$-10750$ level and if we held the support we will revisit the 109xx level and eventually retest 11000$. But if we breakdown the support we will revisit 105xx level. I am still bullish on bitcoin and these are the levels to watch out. You can trade in the levels mentioned above. Thanks for reading... For further inquiries or questions dm or comment below -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
BITFINEX:BTCUSDLong
by Husain_Arkghazi
8
BITCOIN UPDATE ON THE 15MINS CHART.Here is an update on the 15mins chart. 3waves down from 11.2k region to 10.3k , and wave 4 is forming an expanding triangle. Expanding triangles are five-wave triangles. Triangles are pattern that appears usually in the middle and at the ending stages of the trend, they are usually seen in wave 4 in a motive phase and waves B & X in a corrective phase. I think I should make an educational post on triangles later. From the chart we can see the last leg of the triangle (wave E) forming If you're yet to enter the short position, wait for the triangle completion. I think that should be around 10.6k region or slightly higher. From there, we can re enter a short position and ride wave 5 to the downside. Once the correction is over, I'll post an update on the potential ending point for wave 5.. Don't forget to hit the like button if you enjoyed this short update. follow me to get more hands-on update. Share and drop your comments below if you want me to make an educational post on triangles. Your viewpoint and questions are also welcome in the comment section. Thanks you. See you soon traders. Namaste
BITMEX:XBTShort
by Nueel_classic
2
Bitcoin - Two Scenarios - Range and Bear Trend Resumption (LL)Bear Spike/Climax then bear trend contained in Channel. Lower Highs and Lower Lows. If price breaks above the Bear Trendline, I am expecting it to transform into a Range. 11830 is having good context to become the range high as the Present Weekly High is at 11826, Previous Resistance and Measured Move Targets. On Daily Chart, Bear Breakout is very recent and comparatively small, It is likely to aim for Double Top formation at 11830. If price reverses from Bear Trendline then bears will be trying for Lower Low. Strong Bear Breakout is likely to initiate the Failure of any Bull Breakout above Bear Trendline. I think breaking below 11382 will start to make things clear for the Bear Trend. Explaining the overall scenario always helps in decision making and taking trades at the crucial level.
by Good_Trading_Calls
5
⚡BITCOIN PRICE MOVEMENT⚡ UPDATE 🚀💣Hello, friends. 💓💓💓That's my new update of Bitcoin prices movement . Today, the price touched the level of 8,900 and managed to rise a little. 😉 The price may be a little sideways or even start to grow a little, but we should be prepared that before going up we can test the level of 8,600. 👊🏻 💥I remind you that now we are in the distribution zone at the final stage, so a drop price is possible.👇🏻👇🏻👇🏻 💥 It will be very useful for your self-development.👇🏻👇🏻👇🏻 ✍🏻If you have a suggestions for edu ideas, write me in the comments, I'll definitely do it for you. Please, support me with like, I'll try to be useful for you.💓💓💓 Stay with me💋 Your Rocket Bomb💣🚀
BITSTAMP:BTCUSD
by RocketBomb
14
Last News and updates for Bitcoin!!!On this technical analysis, i want to see the H4 timeframe that we are in a descendent triangle with a possible to open a short. I put my order on this level aprroximattely in $8,803 USD and a SL in $8,987 USD. Now, there are an another situation that if I going to the H1 timeframe we see a Shoulder Head Shoulder in formation. And the RSI it's comming of the oversold in the past days, so this is a great indicator to a possible bearish trend soon on Bitcoin, don't worry, but, I calculated a drop of very biggest in Daily, while we are in the descendent triangle that this is like a consolidation of the price, so, the only I hope is that Bitcoin going to break down this chartist pattern and going to a huge sell. Now, in that case the shoulder Head Shulder may not to take in watch up. But, some important if the price doesn't resist the volume of Bitcoin to sell and buy, we can to see finally a Bitcoin moving to a short movement as represent below of this paragraph. Look in H1 and put your volume indicator how much Bitcoin in sell and buy In daily zoom we see a Bitcoin to going to change the trend bullish to bearish in this zoom scenario. But, if we see carefully, we are in oversold in daily, so, review of all technical analysis that I making of Bitcoin, comming soon we could to see a drop down of the price.
COINBASE:BTCUSDShort
by harisonhbn9718