Bitcoin (BTCUSD) | Page 112 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

BTC/USD

Similar Threads

BTCUSD daily price action 854 replies

The fall of BTCUSD -cash it 77 replies

EUR, GBP, NZD, OIL, SPX500, GOLD, BTCUSD analysis 28 replies

BTCUSD Strictly Pivot levels 168 replies

Attachments: Bitcoin (BTCUSD)
Exit Attachments

Bitcoin (BTCUSD)

  • #2,221
  • May 15, 2026 6:58pm May 15, 2026 6:58pm
Quoting arnabtrading
Bitcoin has broken below the 79.5K level; however, this move does not invalidate the broader bullish market bias. The current price action is still viewed as part of the Wave X structure. Based on this perspective, we continue to anticipate a three-wave upward move, with a revised target near 86.6K. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2026-05-16_07-57-31.png Size: 45 KB
  • #2,222
  • May 17, 2026 5:36pm May 17, 2026 5:36pm
The Bitcoin wave structure remains intact, with the ongoing correction holding within the typical 0.618 Fibonacci retracement zone. Our outlook on Bitcoin continues to favor the bullish side. That said, a decisive breakdown below the 75K support level would invalidate this scenario.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2026-05-18_06-36-42.png Size: 37 KB
  • #2,223
  • May 18, 2026 5:35am May 18, 2026 5:35am
Quoting arnabtrading
The Bitcoin wave structure remains intact, with the ongoing correction holding within the typical 0.618 Fibonacci retracement zone. Our outlook on Bitcoin continues to favor the bullish side. That said, a decisive breakdown below the 75K support level would invalidate this scenario. {image}
Update ...
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2026-05-18_18-35-28.png Size: 39 KB
  • #2,224
  • May 18, 2026 11:46pm May 18, 2026 11:46pm
Many market participants still believe that Bitcoin is in a bearish phase. However, the latest wave count suggests the repeated formation of three-wave structures, which is typically seen in a leading diagonal, especially during Wave 1 of a bullish trend. Based on the medium-term outlook, the current market structure aligns more closely with a bullish scenario, as illustrated in the chart. Price action may appear erratic, random, and even manipulated, but these are actually common characteristics of Wave 1, where overall market confidence is still low and the true direction is not yet widely accepted.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2026-05-19_12-35-19.png Size: 39 KB

If the bearish thesis were truly strong, we should have already seen a clear downside breakout accompanied by a strong impulsive move (impulse wave) within a downtrend. So far, this has not materialized. The absence of a convincing bearish impulse raises serious doubts about the validity of the current bearish narrative.
Instead, the market has continued to trend higher since February, despite widespread expectations of a downturn. The market may be creating the illusion of bearish conditions, while the underlying structure still supports a continuation of the bullish trend.
  • #2,225
  • May 31, 2026 2:33am May 31, 2026 2:33am
BTCUSD Update | May 31, 2026 | 15M Chart
Current price: $73,814
News Update: BTC has been under pressure this week. US bond yields rising as Moody's downgraded US credit rating — this is creating risk-off sentiment across all markets. Investors moving to safer assets. Also month-end selling pressure adding to the drop. However $73,200 support holding well so far!
Chart Analysis: BTC dropped sharply from $74,200 to $72,800 low on May 29. Then price bounced strongly from $73,200 support zone and recovered back to $74,200 high on May 31. Currently pulling back slightly to $73,814.
Key Zones: $73,200 support tested twice — May 30 and May 31 — holding perfectly both times. Very strong demand zone!
$73,600-$73,700 zone also acting as immediate support — price bouncing from here nicely.
Resistance: $74,200 | $74,300 | $75,000 | $76,000
Support: $73,600 | $73,200 | $72,800
Two Scenarios:
BULLISH — If $73,600 support holds and price breaks above $74,200 → next target $75,000 then $76,000. Bulls need a strong close above $74,200 to confirm recovery!
BEARISH — If $73,200 breaks → next major target $72,800 and below. Below $72,800 could see $71,000-$70,000 zone again.
Key Point: $73,200 is the most critical support right now! This level has been tested twice and held both times. As long as this holds — recovery is possible. But US credit downgrade and rising bond yields are serious fundamental headwinds for BTC. Watch this level carefully this week!
This is my analysis only — not financial advice. Trade at your own risk!
What's your view on BTC to end May? Comment below!
Attached Image (click to enlarge)
Click to Enlarge Name: 112233.webp Size: 37 KB
  • #2,226
  • Jun 10, 2026 10:55pm Jun 10, 2026 10:55pm
In my weekly analysis, I’ve identified that BTC is currently testing a congestion zone between $59,000 and $65,000. Historically, this area acted as a major consolidation range from March through October 2024. Last week (the week of June 1, 2026), price action attempted to break through this zone again but found firm support at $59,000. Currently, the weekly candle is struggling to break below the previous week's low.
While the primary trend remains bearish, $59,000 is establishing itself as a significant support level. For the remainder of June, I am monitoring the following scenarios:

  1. Range-Bound Consolidation: BTC continues to trade within the $59,000 – $65,000 congestion zone, presenting opportunities for range-bound scalping.
  2. Bearish Outlook: Should the price secure a weekly close below $59,000, I will shift my focus to the downside. My Area of Interest (AOI) and next targets will be a retest of $53,000, followed by $49,000.
  3. Bullish Outlook: If $59,000 holds, my initial target is $65,000.

    1. Secondary Target: A close above $65,000 would target $74,000 (AOI.1), provided BTC can successfully engulf or retest the previous week's high or bounce off the downtrend line.
    2. Extended Targets: $78,000, and finally, $83,000.

These levels constitute my primary AOIs for the rest of June. As this week’s momentum appears exhausted, I will be watching closely to see how price action closes this week and develops moving into next week.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 64 KB
  • #2,227
  • Jun 10, 2026 11:27pm Jun 10, 2026 11:27pm
Bitcoin hasn't been this low in a while. Is now a good time to buy?
  • #2,228
  • Jun 11, 2026 10:38am Jun 11, 2026 10:38am
Quoting xtraderforex
Bitcoin hasn't been this low in a while. Is now a good time to buy?
no, wait for 50k, that will be the low
  • #2,229
  • Jun 11, 2026 1:31pm Jun 11, 2026 1:31pm
I'll wait until it drops to 55k and then buy it
  • #2,230
  • Jun 12, 2026 7:23am Jun 12, 2026 7:23am
Bitcoin Outlook and Price structure

After a big downfall bitcoin took support of 59,000 on 5the June, and since then it has been consolidating withing a range of 64,200 - 59,000. Structurally breakout above 64,200 would be a bullish move, if price moves above that then it can retest the bearish trendline. however breakout below the level of 60,708 and 59,073 would lead to the continued move on the downside as outlook on the higher timeframes are already very bearish.

Below the immediate support of 59,000 next support is at the level of 52500.

For Educational Purposes only, Not an Investment Advice.

Any new perspective you want to add, Please feel free to mention below in the comment.

Regards CrazyTrades247.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2026-06-12 171444.png Size: 45 KB
  • #2,231
  • Jun 13, 2026 8:29am Jun 13, 2026 8:29am
Attached Image (click to enlarge)
Click to Enlarge Name: gtrjf5opo07h1.jpeg Size: 59 KB
Emotional Control. Process, not outcome.
  • #2,232
  • Jun 15, 9:12am (32 hr ago) Jun 15, 9:12am (32 hr ago)
Quoting Toboso01
In my weekly analysis, I’ve identified that BTC is currently testing a congestion zone between $59,000 and $65,000. Historically, this area acted as a major consolidation range from March through October 2024. Last week (the week of June 1, 2026), price action attempted to break through this zone again but found firm support at $59,000. Currently, the weekly candle is struggling to break below the previous week's low. While the primary trend remains bearish, $59,000 is establishing itself as a significant support level. For the remainder of June,...
Revised Weekly Outlook (June 15)
Wave Status: Bearish Impulse Market sentiment remains bearish, as we are currently in an impulse wave. However, the price action is showing notable resilience. The momentum candle from the week of June 1st failed to close below the $59,000 support level, and last week’s candle closed above $65,000, signaling that the $59,000–$65,000 zone remains a significant area of interest. $65,000 is now acting as a key pivot/support level, having rejected further downside once again.
Scenarios for This Week:

  1. Bearish Outlook: To regain control, bears must engulf last week's candle. A close below $63,000 is the first requirement to flip momentum, with the ultimate goal being a weekly close below the $59,000 support level.

    1. Target 1: $63,000
    2. Target 2: $59,000

  2. Bullish Outlook: BTC opened this week above $65,000, which bulls must now defend. To confirm a reversal, they need to engulf the momentum candle from June 1st and push for a close above $74,000. Be prepared for potential resistance as price approaches $70,000.

    1. Target 1: $70,000
    2. Target 2: $74,000

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 64 KB
  • #2,233
  • Jun 16, 7:46am (9 hr ago) Jun 16, 7:46am (9 hr ago)
Quoting Toboso01
{quote} Revised Weekly Outlook (June 15) Wave Status: Bearish Impulse Market sentiment remains bearish, as we are currently in an impulse wave. However, the price action is showing notable resilience. The momentum candle from the week of June 1st failed to close below the $59,000 support level, and last week’s candle closed above $65,000, signaling that the $59,000–$65,000 zone remains a significant area of interest. $65,000 is now acting as a key pivot/support level, having rejected further downside once again. Scenarios for This Week: Bearish...
On the daily chart, BTC is currently facing a critical challenge: it must break through the $67,500 resistance level to regain upward momentum, or conversely, drop below $65,000 to resume the downside trend. BTC remains trapped within a significant historical consolidation zone.
Today’s Scenarios:

  1. Bullish Goal: The bulls' primary objective is to fill the liquidity gap left by yesterday's price action. While the price is currently trading above today’s open, it is facing stiff rejection in the $66,700 – $66,900 range.
  2. Bearish Goal: The bears are looking to engulf yesterday's candle body. To achieve this, they need to drive the price below $65,900, which serves as both yesterday’s low and the weekly open.

My Trade Plan: For today, I am leaning bearish. I will wait for a confirmed break below today’s open before entering, with an initial target (TP) of $65,000. From there, I will re-evaluate the market structure to determine if the move has further legs.

What are your thoughts on this setup? Do you have an alternative outlook for today?

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 75 KB
  • #2,234
  • Jun 16, 8:09am (9 hr ago) Jun 16, 8:09am (9 hr ago)
Yes you right though i am very hopeful that the NY session will have the price moving up.
i am currently looking close at the 15 min pennant trying to see which direction the price will break from.
  • #2,235
  • Jun 16, 8:11am (9 hr ago) Jun 16, 8:11am (9 hr ago)
Just taken a short against the local high
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 35 KB
If you think you can or cannot do it you are correct
  • #2,236
  • Jun 16, 8:12am (9 hr ago) Jun 16, 8:12am (9 hr ago)
My side of the market currently.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2026-06-16_16-10-40.png Size: 36 KB
  • #2,237
  • Jun 16, 8:15am (9 hr ago) Jun 16, 8:15am (9 hr ago)
Quoting Toboso01
{quote} On the daily chart, BTC is currently facing a critical challenge: it must break through the $67,500 resistance level to regain upward momentum, or conversely, drop below $65,000 to resume the downside trend. BTC remains trapped within a significant historical consolidation zone. Today’s Scenarios: Bullish Goal: The bulls' primary objective is to fill the liquidity gap left by yesterday's price action. While the price is currently trading above today’s open, it is facing stiff rejection in the $66,700 – $66,900 range. Bearish Goal: The bears...
Thanks for your analysis.
I am leaning bearish as well.
In fact I am short right now.
Price action has not been strong imo.
My recent quest for a substantial move up has not been rewarded.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 35 KB
If you think you can or cannot do it you are correct
  • #2,238
  • Jun 16, 8:25am (9 hr ago) Jun 16, 8:25am (9 hr ago)
Quoting Lillywizzy
My side of the market currently. {image}
Thanks Lillywizzy for chiming in and bringing in the triangle scenario.
For a triangle in its infancy like you have shown I like your entry but think your TP might not be reached if indeed it is a triangle in play.
At best, you will be looking for the upper borders of the triangle as tp except if that move is the thrust out of the triangle after the completion of the 5 wave triangle pattern. This market is crazy though and your idea might just play out because of the pent up oversold nature of this instrument
If you think you can or cannot do it you are correct
  • #2,239
  • Jun 16, 8:28am (9 hr ago) Jun 16, 8:28am (9 hr ago)
Quoting Olu
{quote} Thanks Lillywizzy for chiming in and bringing in the triangle scenario. For a triangle in its infancy like you have shown I like your entry but think your TP might not be reached if indeed it is a triangle in play. At best, you will be looking for the upper borders of the triangle as tp except if that move is the thrust out of the triangle after the completion of the 5 wave triangle pattern. This market is crazy though and your idea might just play out because of the pent up oversold nature of this instrument
True brother, I am just being optimistic of the up move but the triangle resistance should actually be TP1.
  • #2,240
  • Jun 16, 8:31am (9 hr ago) Jun 16, 8:31am (9 hr ago)
Quoting Olu
{quote} Thanks Lillywizzy for chiming in and bringing in the triangle scenario. For a triangle in its infancy like you have shown I like your entry but think your TP might not be reached if indeed it is a triangle in play. At best, you will be looking for the upper borders of the triangle as tp except if that move is the thrust out of the triangle after the completion of the 5 wave triangle pattern. This market is crazy though and your idea might just play out because of the pent up oversold nature of this instrument
I'm as well using the StochRSI crossovers to time my entries, so no rush entries will be made.
1 trader viewing now