To be sure Robust Method (Understanding computational problems that appear intractable): If A, then B (if A is true, then B must be true) otherwise , there is no reason to panic.Longby BTC-XLMUpdated 1115
Bitcoin: BBW Squeeze ReturnBitcoin experiencing its tightest Weekly Bollinger Band Width squeeze since 2012. But before we dive into this, let's take a moment to get to know Bollinger Bands , which are a common tool in trading. These were created by John Bollinger back in the early 1980s to help us understand price volatility better. So, what makes up Bollinger Bands? If you'd like a visual, check this out: - The Middle Band: Typically, it's a 20-period simple moving average (SMA). - The Upper Band: This one is calculated by adding twice the 20-period SMA's standard deviation to the middle band. - The Lower Band: And the lower band is found by subtracting twice the 20-period SMA's standard deviation from the middle band. Now, let's talk about the Bollinger Band Width. You can see it here: This Width essentially measures the gap between the upper and lower Bollinger Bands. If it's narrow, it means low volatility, and if it's wider, it suggests higher volatility. Okay, back to Bitcoin and its Weekly Bollinger Band Width Squeeze. This recent phenomenon means that Bitcoin's weekly price volatility has tightened, reaching levels not seen since 2015-2016 So, what does this tightening mean? It implies that Bitcoin's price movements are getting more constrained, which might indicate that significant price swings are on the horizon. The last time Bitcoin went through such a squeeze was almost a decade ago, and it resulted in prices skyrocketing from $750 all the way up to $19,900. For traders and investors, low volatility might seem uneventful, but it often comes just before big market shifts. Keep a close eye on things as those Bollinger Bands start to widen out; Bitcoin could be gearing up for some noteworthy price action. To sum it up, Bitcoin's tightest Weekly Bollinger Band Width squeeze since 2012 hints at potential price increases. As traders gear up for what's next, it's a reminder that these calm periods can often lead to some pretty exciting opportunities.Longby ArShevelevUpdated 4435
Long term resistance breaker Bingo6 days till Weekly close Confirmed candle: 5.5 of 9 points Unconfirmed candle: 7 of 9 points Each technical condition can be 0, 0.5 or 1 points. Daily chart: It did test the 19k price and got a strong support move back into the long term resistance trendline. 4h chart: If not, worst case long term is somewhere around 9-7k to find the absolute depression. While hang-up on bottom fishing.by Hhan44Updated 117
A Bitcoin Prediction (2024)In this chart, I uncover price levels across an identified cyclical pattern hidden within Bitcoin. I was initially hesitant to publish this, as I had been pondering the theory for a few days. However, as the price approaches the Phase 2 level, I believe the timing cannot be ignored, and a reaction may be imminent as Bitcoin could be on the verge of breaking out into Phase 2... I've posted a screenshot prior to where BTC is now (below) My discovery in finding this was not intentional nor was it believable. However, after identifying some familiar projective price targets deriving from Bitcoin's first cycle the compelling results left me intrigued and were enough for me to continue. Whilst continuously applying my method more and more results seemed to match with key pivotable phases. Once I hit 2020, I was sure to expect some variances, but to my surprise, there was not, and price levels were again matched to pivotable levels. It is to that point I followed through into 2024 and beyond. As stated in the chart there is no trickery rather, there is logic and reason. It appears, these predictions beyond 2024 are realistic and do not point to crazy moon boy levels. So with that, I leave this here to revisit and pay my respects. Some Observational and Key Points: I base some findings on a 2 x 8-year cycle rather than the conventional 4-year cycle. However, it may appear shorter than expected. Just as there are diminishing returns, there too is an aspect of diminishing cycle timing. While cycles are often recognised by their low and high targets, not many observe the time it takes to surpass a previous all-time high (ATH) or low. This is interesting because Bitcoin does not exhibit this repetitive behaviour in its history. I observed the peaks and troughs while noting the counts and periods across cycle phases and took a visual snapshot towards 2022-24 playing into more likely that of 2013-16. I've projected 2 ATHs as a range due to the nature of placement. The first target is primary, and wicks above could stretch into the second. Projections are also based on a 2-week (close) timeframe. Final comments: This is not an indication to be mega bullish and is NFA. The chart merely highlights developments I've identified and is not certain to play out, although quite probable. It is more of a "let's look back and indulge" - at least for me. Thanks and Enjoy!Longby LiquidMafiaUpdated 5513
#BTC/USDT SHORTYes, sorry bros, but my vision and some indicators that I use show that movement for Bitcoin, outside of the technical, my emotions are like birds and they spread.. See you in the next Verano :DShortby HotChili2
The most bullish chart in crypto!Based on past fib levels, we can estimate that the range of possible highs for this cycle go from 168K to over 500K! I believe either or both of these could get cut short due to a market correction between now and 2025, but I will be buying dips aggressively for the next couple years.Longby MurderHamberder110
Btcusd signal Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis. Confirm signal btcusd Shortby JohnHarry_732
$Bitcoin - Road to 100kI think this is the most realistic path to 100k when taking into account liquidity / engineering liquidity. Based on the open wick ($23,275 O - $19,520 L )/ eq lows below ($24,745 ) I think price will gravitate back to that area as a bear market accumulation area. With that in mind, If I line up the 0.75 of the fib on the low of the wick --> eq.l's (~100k - 120k top). by AltcoinAardvark112
BTC WyckoffHere's a simple idea of the Wyckoff method for BTC. So we are still in accumulation phase, followed by a re-accumulation and a final distribution at ~100k. Whats your opinion?by Ben_vouhUpdated 171737
Btc you know what do next Targeting that upper limt at 75k. Looks good. Lets wait and enjoy it.Longby CrocoCrypto3
btc-usd long zone (be carefull on etf approval)At these type of ideas i will try to show you were the charts have big possibilities to bounce back , depends on ICT point of view. Have in mind that those special zones are NOT trade signals , but areas where you have to applicate your specific strategy.At these type of ideas i will try to show you were the charts have big possibilities to bounce back , depends on ICT point of view. Longby DouramanisNikos4
BTC [Dow theory + Wyckoff]This is a possible outcome for BTC based on the Dow theory and Wyckoff Schematic the next months.Longby Ben_vouhUpdated 363683
RetestingPrice has to hold above this trend line otherwise back to the green level support area.by Se7enSkies111
BTC broken support and reclaimAs you can see BTC has reclaimed and retested a large level of support. After testing this level 3 times over, it was finally broken, only to fail right after and be reclaimed. After waiting to see how this level would hold it is currently being retested for the fourth time over, providing the perfect opportunity for a long. Several banks have indicated they now have BTC etf's on their balance sheets, including largely outspoken critic JP Morgan. This could prove to provide investor confidence in the asset and we can hopefully see this go parabolic from here. I would first like to see BTC accumulate at or just below current ATH before breaking the level with force. If price breaks down from this support we could easily see -20% moves. So in the case, if broken shorts could be a good idea, although very risky considering the current environment. Sentiment in general seems to show people are currently cautious, this has the possibility of many people missing out on the move up causing FOMO to kick in. Longby pinkzigzagUpdated 113
Two Paths. Point Of Decision Will Be Made Soon.Traders, It is ad nauseam that I have been referring to my multi-year support/resistance trend line. But here we are again. Interestingly enough, it is also currently intersecting the top of my bullish descending wedge, making a critical area of confluence to become resistance. As I see it, there are now two paths for Bitcoin. A break to the top side would indicate that accumulation is over and it is now time to look long. A drop to the downside would indicate a retest of the bottom of our triangle may be to come. Notice that the bottom of the triangle also intersects with our ascending purple trend line AND 0.5 fib retracement at around 56k. My perspective is that 56k is our local low. Though, we could retest that level again, I believe that it will hold. At this point, traders looking to enter Bitcoin long, may want to wait for either confirmation of a break to the upside of our triangle on the daily or confirmation of our 56k local bottom via retest and hold. Best, Stew by stewdamusUpdated 222
DO NOT MISS THIS.Favorite/bookmark this take. We are in the beginning of the next leg in the bull cycle. The increase in GLI measured in weeks comapred to the previous leg prices bitcoin at ~120K. Optimal buy entry would be in the next 1-2 weeks once FSVZO signals. See you in valhalla.Longby kevinthestan2
Bitcoin clockworkHere is the clockwork. Theory: Bitcoin moves in 3 waves. Cycle extension positive. Longby pterion29101
My bias on bitcoin price predicationBitcoin on weekly TF formed Ascending Triangle and is struggling to break 14 years resistance zone and previous ATH, if the price of bitcoin breaks these zones and enters into long term curve than we will see bitcoin price discovery and new ATH. On Daily TF bitcoin formed big falling wedge well as inverse Head and Shoulders (Pattern within pattern) and the price broke and retested the reversal patterns and the target of these patterns are 74k. The momentum indicators is showing over sold region and the immanent of happening bullish cross which is indicating the price of bitcoin might move to upside. If the price of bitcoin rejected from this resistance zone then we will see the price revisit the 60K support level.Longby AJCRYPTO257
BTCUSD: Looking Bullish in MaySince the beginning of May, Bitcoin has embarked on rather bullish looking wave structures, in response to the dive of late April that landed the coin just around the 57 k mark. In Elliott Wave perspective, per the principle by which market structure is built, BTC has clearly completed a five-wave impulse, and has corrected this advance in a three-wave pullback, as seen in the chart. In this price action, the downward trendline of April was decisively broken to the upside. It has now functioned as support which stopped the ABC correction. In addition, the 38.2% Fibonacci retracement level for the entire five-wave impulse coincides with this price level. It is also apparent that a complete five-wave sequence may be identified in subwave C of the correction. It is therefore likely that this marks the end of this pullback, and that traders should expect a new uptrend in wave three, which might take the market to near the ATH. A major obstacle to the upside remains however, the 200-period SMA on the 4 hour chart, indicated on this chart as the blue line. This is a major indicator for the market, and has limited the advance for wave five, as well as an attempt in April. by unbeldiUpdated 994
Bitcoin Analysis: Buzzing with OpportunityBy The Cryptohoney Trader Kingdom Hello, fellow traders and crypto enthusiasts! Just like bees finding the sweetest nectar, I've been diligently monitoring Bitcoin's price movements and have identified some critical areas and targets that could guide our trading strategy in the upcoming weeks. This idea is a gift from me to our community, and it represents our collective vision of thriving in the crypto market. Dangerous Price Area: 46,195.00 to 48,222.00 Think of this zone as a hive under threat. Historically, significant volatility and potential sell-offs have occurred here. Keep a close eye on this area for potential reversals or continuation patterns that could either sting us or offer a sweet opportunity. Retracement Price Area: 53,000.00 to 59,000.00 A strong retracement to this zone could be like finding a rich patch of flowers. Look for signs of consolidation or a bullish reversal to enter long positions. This area could provide an excellent buying opportunity, much like bees gathering honey from abundant blooms. Key Breakout Requirement: For Bitcoin to confirm a robust bullish trend, it needs to close above 69,789.00 for at least 2 consecutive days. This will indicate strong buying pressure, similar to a bee colony thriving with energy, and likely continuation towards higher targets. Cycle End Target: 86,410.94 Based on my analysis, the ultimate target for the current cycle is 86,410.94. This target aligns with historical price patterns and key Fibonacci levels, representing the pinnacle of our honey-gathering efforts. Stay vigilant and adjust your strategies according to market conditions. Let's keep our hive buzzing with success. Happy trading!by The_CryptoHoney_Trader2
Expectation Vs RealityI drew an ascending triangle yesterday expecting a leg up if we didn’t break below the support line. Price did a fake breakout, then broke down from the support line then went back above the support and trend line. What a rollercoaster.by Se7enSkies111
The possibility of correction of Bitcoin up to 52500(2024/05/20)Hi Guys; Bitcoin's momentum and power is not like an accelerated wave, but like a corrective wave. We may have a corrective wave (wave C) up to 52,500. - Everything is clear in the photo - Be healthy and profitable. 2024/05/30Shortby mehdikhashaman3
BTC Sideways Trend: Will It Drop First Before Pumping to 76k?GM, crypto bros. This morning BTC is still trending sideways. The RSI is still in the oversold area, and the fear and greed index is at 73 in the greed zone. Overall, today's outlook is quite similar to yesterday. There is a possibility for BTC to drop slightly before pumping to 76k. Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update. I'm Akki, signing off with one chart.by Akki_san0