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Is Bitcoin back in the game? | Analysis Bitcoin's price rallied sharply after United States Consumer Price Index (CPI) data came in lower than forecast. The CPI data was unchanged from last month, and the year-on-year figure of 3.3% showed a slowdown from the previous pace of 3.4% — both 0.1% lower than forecast. Bitcoin plummeted below the 20-day exponential moving average ($68,700) on June 11 but found support at the 50-day simple moving average ($65,982). The bulls aggressively purchased the dip to the 50-day SMA and pushed the price above the 20-day EMA. This suggests that the BTC/USDT pair may oscillate inside the tight range between $66,500 and $72,000 for some time. Buyers will have to catapult the price above the $72,000 to $73,777 resistance zone to seize control. That will open the gates for a rally to $80,000 and eventually to $88,000. On the downside, a slide below the 50-day SMA could start a downward move to $60,000. WHITEBIT:BTCUSDT
WHITEBIT:BTCUSD
by paul_endeo
btcPlan 1 From this first resistance, we play a little and the blue movement is done Plan 2 We have Time News today and Green Plan Important note We have three important areas where I don't do a lot of shopping We are in a short-term downtrend If the important resistance areas are not broken, the yellow lines are in sight We have news It is a personal opinionPlan 1 From this first resistance, we play a little and the blue movement is done Plan 2 We have Time News today and Green Plan Important note We have three important areas where I don't do a lot of shopping We are in a short-term downtrend If the important resistance areas are not broken, the yellow lines are in sight We have news It is a personal opinion
BITSTAMP:BTCUSD
by hosseinghaffari67
BTC Bitcoin Technical Analysis and Trade IdeaRecently, BTC has experienced downward pressure. A bearish pattern is evident on the 4-hour chart. At present, it has traded into a key support zone and there’s a strong possibility we see it pullback into a resistance zone. The video discusses the prevailing trend, recent price movements, overall market structure, and presents several trading ideas for your consideration. Please remember, the content provided is solely for educational purposes and should not be taken as investment advice. Trading involves significant risk, highlighting the importance of consistently applying strong risk management strategies.
FOREXCOM:BTCUSD
by fxtraderanthony
3
BTC Update leading diagonal 5-3-5-3-5The leading diagonal pattern is very similar to the ending one. It consists of five sub-waves, labeled 1-2-3-4-5. Its first wave is usually the longest, while the third wave cannot be the shortest among waves 1, 3 and 5, and waves 2 and 4 are always corrective. Waves 1 and 4 should overlap. There are, however, few notable exceptions. First, leading diagonals occur in the position of the first wave within a regular five-wave impulse or in the position of wave A of a simple zig-zag correction. Second, unlike ending diagonals, where each of the five waves is corrective in nature, the structure of the three motive waves of the leading diagonal – 1, 3 and 5 – can be corrective as well as impulsive.
by GuruWaveAnalysis
BTC Bitcoin Technical Analysis and Trade IdeaThis video explores a potential Bitcoin trading opportunity using technical analysis. We'll examine the current trend, price movements, and market structure to identify a potential entry point should favourable conditions materialize, as detailed in the video. It's crucial to remember that sound risk management is an essential component of any trading strategy. As always, this presentation is for informational purposes only and does not constitute financial advice.
BINANCE:BTCUSDLong
by fxtraderanthony
BTCUSDT Short trading ideaOKX:BTCUSDT.P Short trading idea = Head and shoulders + Rising wedge + Fibonacci retracement 0.618 + Fibonacci retracement 0.786 + Retest level 30000 = Enter 61175 = Exit 53921 + 47241 + 31047 I am interested in your opinion on this algorithm of actions deposit 20% of the asset order 20% of deposit shoulder ×20 cross margin take profit 25+-% of the order stop loss 5+-% of the order day loss 1% of deposit RR 1 to 5 Short position Enter against a negative news background + When trendsetters are in a negative mood + No upcoming reports, speeches + Bearish chart and candlestick patterns + A pool of indicators signals a downtrend #DYOR
Short
by FelixVexelman