$BTC Daily UpdateCRYPTOCAP:BTC #BTC $27,478 holding as expected, $26,650 test likely. Last 4H followed thru to bearish pin bar close. Bearish engulfing forming on current 1D. $26,333-$26,650 support to watch
Btcanalysis
BTC is forming the 3rd uptrend wave... A NEW BREAKTHROUGH!Watch This Breakout... I'm looking For This Breakout...
Then i can see a third elliot wave coming...
BTCUSD 4June2023BTC medium term looks bullish. currently it could still be in the wave 2 period. although last week BTC managed to get out of the sideway area, but the range for prices to make corrections is still very wide.
looking at the fibo retracement area, there is a SnD area right at the 0.236 level (the price has dropped 76% from the last bullish swing) in my opinion this area is quite dominant, although in the medium term BTC looks bullish but it is likely that wave 2 is still not complete and it could be that the price is heading towards the SnD area.
Does Gold Price Return Does Gold Price Compete With BTC Returns?Today, I want to discuss something that’s been on everyone’s mind lately: does Gold Price Return compete with BTC returns?
As you may know, Bitcoin has been the talk of the town for quite some time now, with its unprecedented returns and high volatility. However, many traders still prefer to invest in Gold, a traditional safe-haven asset that has been around for centuries.
So, the question remains: which one is better? Well, the answer is not that simple. Gold and Bitcoin have unique characteristics and can provide great returns if invested wisely.
However, recent studies have shown that Bitcoin has outperformed Gold regarding returns over the past decade. For example, Bitcoin has provided an average annual return of over 200%, while Gold has only provided an average annual return of around 9%.
But don’t let these numbers discourage you from investing in Gold. Gold is a great asset to diversify your portfolio and protect your wealth from inflation and economic uncertainties.
So, what’s the bottom line? It all comes down to your investment strategy and risk tolerance. If you’re willing to take on high risks for potentially high returns, Bitcoin might be the right choice. But, if you prefer a more stable and conservative approach, then Gold might be the better option.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $27,478 resistance in effect, $26,963 support test incoming, Last 4H closed with bearish engulfing. 1D closed fine with bullish engulfing, needs push today to follow up.
MY BTC FORCASTBase on the monthly BTC is on a bearish rising wedge, and a has falling from a major POI with a H&S pattern. Knowing that the HTF bias is an uptrend, moving to the lower TF the Daily is on a falling wedge and its descending from a major declining pressure to the trend line below but going to the 1h and 15M TF the price is retracing from a long chain of S&R Zone which has gain back momentum to the up side.
MY PLAY
If we get to the up side trendline i will enter a 50% short after a confirmation because we have not yet hit the BSL and we have a 3% gap to cover so we be entering and if the price grace us with even higher entry we will enter a 100% sell after a confirmation on the Resistance up above the falling wedge showing a breakout and might give us a double top showing a sell pattern to the downside. and my SL above the low that triggered the current fall the 27860 range
💥 BTCUSD 4H-TIMEFRAME ANALYSIS💥 BTCUSD 4H-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥 Bitcoin
I hope my idea is clear
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Stay Safe💯💲💲💲
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BTC Sell Pressure Is Building Up As Buyers Losing Power! After Bitcoin hit our bold white line ~28K it consolidate a bit and start to go down (As predicted) . we might have another push up to 27.6 as we have FVG around that level
26.4>27.6>25.1 my tagets for now which could change any time.
Bitcoin doesn't let us DownBitcoin moved as expected during the weekend, following our forecast to the letter.
Looking for additional upside to be confirmed before we can say we have resumed the uptrend.
Feel free to ask any questions and trade safe!
Bitcoin 23/5 '23Hello Everyone,
Straigth to the business,
Right now, we in High Uncertainty market conditions,
related to Macro economy optics for Future..
with Several Big events in upcoming day which could provide
more Clarity into where market would like to move
BUT as Right Now..
Price is Lower then it was when Peaked mid March..
In that Time, we was Held in few Week consolidation, before we seen expansion.
Matter of Fact, it Holds Under that Purple line
which can be seen as Bottom of Sidewas range from March.
Because of that and above, I would favourite opening Short in this moment,
and expecting that next Expansion will be on Downside,
with sound Stop Loss above 25-35% of March sideways range.
( around 28k$ - depending on your own Risk Managment)
Having in Mind, that if Price is Able to Break above and Close there for
at least Few Days, it May be very possible to see Highier Price range upcoming Month(s) .
Joe
btc is still bearishHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BTC SETUP"Support levels are indicated in green, from weakest to strongest at the bottom, and resistance levels are also indicated from weakest to strongest. You can enter buy and sell trades based on them."
Please note that support and resistance levels are commonly used in technical analysis to identify potential levels at which the price of a financial instrument may reverse or encounter obstacles. Traders and analysts use these levels to make informed decisions about entering or exiting trades.
Bitcoin growth from bottom of Ascending Channel(short term)🚀Bitcoin is moving near the bottom of the ascending channel in the 15-minute time frame.
I expect Bitcoin to go up to at least the resistance line.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $27,478 testing, this is third attempt since 15th May. Previous daily closed neutral. $27,478 support will help test $28,298. Watch given S/R
Bitcoin Target is 25.1K After Losing Bear Flag.More Sell To ComeBitcoin Exited The Bear Flag and consolidating below its support line. If we lose it there could be a price dump to the range of $23,800 to $25,100.
It could also have a small pull back up to 27.4 before losing the bear flag (jebaiting more long position)
Moved some trendlines and levels.
Thank you all for the support Comments,Follows,Boosts and sharing it with others
Not a Financial advice BUT MAYBE a Financial repetitionCould be disputed, Could be wrong, depending on which theory you believe in.
it has never been, and doesn't have to always be, but it was.
So what will it be ? it could be what will be !
BTC forming a triangle 📊 #BTCUSD (BTC)
💹 Time Frame: 4H
➖➖➖➖➖➖➖➖
🟢 Buy Breaker Block:25400$ - 25850$
🔴 Sell Breaker Block :28200$ 29000$
we saw that the price was rejected again from the range I specified and fell to $26370, as I mentioned as long as the price is trading below this level, this analysis is valid, and we have to see if the price will finally succeed in hitting the 25K target in the next 2 days or not!
▪️Trend: EMA Direction Down Price Crossed over HMA
▪️Momentum: Stoch Crossed Signal Down
▪️Volatility: RVI Volatility decreasing
▪️POC: 24800$-24500$
➖➖➖➖➖➖➖➖
📝Analysis By Jack_Of_Alll_Trades
📅 05.20.2023
BTC Day TestingGood day friends, I will post one suggestion here, a preview of the indicator, but please do not take it seriously and certainly not as an idea for a long position on BTC. I'm posting it just so I don't forget why it is. So I can get back to it.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- After a low of 26,600.14, BTC/USD rose to a high of 27,465.93 earlier in the day.
Following the recent breakout, this move saw Bitcoin once again climb above the key 27,300 resistance.
the uptrend also extended further with the 14-day Relative Strength Index (RSI) above the 42.00 range.
price strength is tracking at 44.58, and moving closer to the higher resistance area of 49.00.
If the bulls lead the index toward this point, there is a high probability that BTC will reach 28,000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC, ETH 🌥️ Does XRP Shine Brighter? ☀️Sunny weather is ahead with a couple of scattered clouds ⛅️ for Bitcoin and Ethereum 🚀, in the next 24 hours, according to ATTMO, a weather-inspired crypto AI forecasting tool. This means that a slightly bullish market with upside potential is likely. 📈
The weather is tropical 🏝️ – very bullish 🐂 with some upside potential – for Ripple today, boosted by signals that the judge in charge may rule in XRP’s favor in the US.
Cardano, Polkadot and Binance Coin also have some upside potential.
📆 Over a one-week horizon, both Bitcoin and Ripple are likely to be trading in a bearish market 🐻 with downside risk.
Stay informed! Follow us for more updates and insights on the evolving crypto landscape. 🔍💼
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $27,478 resisted, $26,963 support in effect. Last 1D closed bearish. $26,650-$26,963 current support range. $28,298 required as support to avoid fakeout at $27,994.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) jumped back above the 27,000 level to start the week, as sentiment showed glimpses of shifting after last week’s bear run.
Following a low of 26,762.25 on Sunday, BTC/USD raced to an intraday peak of 27,521.62 earlier in today’s session.
The move saw the world’s largest cryptocurrency continue to move away from a floor of 26,500, and a recent two-month low.
Monday’s rise in price sees Bitcoin move higher for a second straight day, breaking out of a ceiling on the relative strength index (RSI) in the process.
price strength is now tracking at 43.66, which is marginally above the aforementioned resistance at 43.00.
Bulls will now likely be looking to reenter the 28,000 level, which was last hit this past Thursday.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Bitcoin Came Down To 25.7K! Expect More Dump Or A Pull Back ?Bitcoin Went Down to 25.7 and bounced back up.These bounces usually have another leg down aiming to hit Longers StopLoss,If the SL hunt happens 25.1 could come.Otherwise we could retrace to ~26.3 then go to 28K supply zone( combined with our bold whiteline)
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