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  • #2,241
  • Jun 17, 2026 12:55pm Jun 17, 2026 12:55pm
Quoting Toboso01
{quote} Success! Target 1 achieved. Profits secured. {image}
So, the bulls' support at 65,000 – 64,500 is still holding off the bears, and this area remains a strong support zone. However, since the bears were able to engulf Monday’s candle bodies, they are trying to resume the downtrend.
Today, the bulls continue the battle by rejecting 65,000. Their goal is to engulf yesterday's candle established by the bears.
Resistance the bulls will face:

  1. 1st: DP (Daily Pivot) ~66,000
  2. 2nd: YO (Yesterday's Open) ~66,300

Let’s use these two levels for now. Until the bulls regain control of these areas, the bears remain in control.
If the bears are able to close below today’s open, I will consider opening another short/sell position.

  1. 1st Target: 65,000
  2. 2nd Target: 64,400

For the bears to push lower, they must gain control of 64,400 and completely engulf Sunday’s candle (both the body and the wick)

Are you guys looking for longs at 65k, or waiting for the breakdown?

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  • #2,242
  • Jun 17, 2026 2:25pm Jun 17, 2026 2:25pm
Quoting Toboso01
{quote} So, the bulls' support at 65,000 – 64,500 is still holding off the bears, and this area remains a strong support zone. However, since the bears were able to engulf Monday’s candle bodies, they are trying to resume the downtrend. Today, the bulls continue the battle by rejecting 65,000. Their goal is to engulf yesterday's candle established by the bears. Resistance the bulls will face: 1st: DP (Daily Pivot) ~66,000 2nd: YO (Yesterday's Open) ~66,300 Let’s use these two levels for now. Until the bulls regain control of these areas, the bears...
Entered the sell as planned. TP: 64,000, and will lock SL to break even.
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  • #2,243
  • Jun 17, 2026 4:24pm Jun 17, 2026 4:24pm
I am now coming round to the possibility that the retracement is now done and we are poised for the resumption of the downtrend.
Warsh and co left interest rates on hold but the message is rises are coming at least one before the end of the year.
This is not good for bitcoin, gold or silver and I expect traders to start to factor this in
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If you think you can or cannot do it you are correct
  • #2,244
  • Jun 17, 2026 4:41pm Jun 17, 2026 4:41pm
Quoting Toboso01
{quote} So, the bulls' support at 65,000 – 64,500 is still holding off the bears, and this area remains a strong support zone. However, since the bears were able to engulf Monday’s candle bodies, they are trying to resume the downtrend. Today, the bulls continue the battle by rejecting 65,000. Their goal is to engulf yesterday's candle established by the bears. Resistance the bulls will face: 1st: DP (Daily Pivot) ~66,000 2nd: YO (Yesterday's Open) ~66,300 Let’s use these two levels for now. Until the bulls regain control of these areas, the bears...
Success!
Target 1 achieved. Profits secured.
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  • #2,245
  • Jun 17, 2026 7:13pm Jun 17, 2026 7:13pm
Quoting Olu
I am now coming round to the possibility that the retracement is now done and we are poised for the resumption of the downtrend. Warsh and co left interest rates on hold but the message is rises are coming at least one before the end of the year. This is not good for bitcoin, gold or silver and I expect traders to start to factor this in {image}
Overall, the broader trend for BTC remains bullish; I view the current downward movement that began in October 2025 as a deeper correction within that larger uptrend. As seen on the weekly chart, this downward movement has completed two bearish impulses, and BTC appears to be at the beginning of a third.

Although Monday’s session featured an impulsive candle, it failed to break the congestion zone and the key psychological level of $59,000, leaving a long lower wick. This zone has now been tested twice this year. Furthermore, last week’s bullish candle suggested a temporary pause in downward momentum. With the price currently hovering near ~$64,500, we are technically testing the lower end of that congestion zone.

My outlook is that this current bearish leg could evolve into a legitimate impulse if this week’s candle manages to bearishly engulf last week’s candle on increased volume. Alternatively, BTC may enter another consolidation phase within this range.

For the bears to gain true dominance, they must clear this area with a strong momentum candle that decisively breaches the $59,000 support level.
In the meantime, I will be scalping the range on the 1-hour chart:

  1. Shorts: Targeting $62,000 and $59,000.
  2. Longs: Targeting $74,000, $78,000, and $83,000.

These remain my primary Areas of Interest (AOIs) until a definitive breakout occurs. Do you agree with this assessment?

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  • #2,246
  • Edited 9:24pm Jun 17, 2026 9:11pm | Edited 9:24pm
My outlook for Thursday, June 18:
On Wednesday 17, the bears successfully closed the session at Sunday’s open, around ~$64,400. During the upcoming Asia session, bulls may attempt a move higher, but they face immediate resistance at ~$65,000, which sits in confluence with today’s pivot point. To regain market control, the bulls face the challenge of breaking through $65,000 and pushing to close above ~$65,700, effectively engulfing Wednesday’s daily candle.
Resistance Levels (Bullish Objectives):

  1. 1st Target: ~$65,000
  2. 2nd Target: ~$65,700

Bearish Outlook (My Current Bias): Entering the London and New York sessions, the bears must secure a 1-hour candle close below today’s open at ~$64,400 to maintain control. The follow-up objective is to close with a full body below Wednesday’s low (~63,864), confirming the bearish trend.
If this level breaks, my downside targets are:

  1. 1st Target: ~$63,600
  2. 2nd Target: ~$63,300
  3. 3rd Target: ~$62,400

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  • #2,247
  • Jun 17, 2026 10:44pm Jun 17, 2026 10:44pm
Quoting Toboso01
My outlook for Thursday, June 18: On Wednesday 17, the bears successfully closed the session at Sunday’s open, around ~$64,400. During the upcoming Asia session, bulls may attempt a move higher, but they face immediate resistance at ~$65,000, which sits in confluence with today’s pivot point. To regain market control, the bulls face the challenge of breaking through $65,000 and pushing to close above ~$65,700, effectively engulfing Wednesday’s daily candle. Resistance Levels (Bullish Objectives): 1st Target: ~$65,000 2nd Target: ~$65,700 Bearish...
Sell order executed; price rejecting the Daily Pivot, closing below Day Open.
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  • #2,248
  • Jun 18, 2026 3:21am Jun 18, 2026 3:21am
It's tricky at the moment, BTC is 50 50 basing on the 4Hr.
And i believe it will move to the upside after the price got rejected from the 4Hr OB.
  • #2,249
  • Jun 18, 2026 6:00am Jun 18, 2026 6:00am
Quoting Toboso01
{quote} Sell order executed; price rejecting the Daily Pivot, closing below Day Open. {image}
Closing my short position here for a small profit. I have to step away, and the lack of selling pressure during the London session suggests the bears are losing momentum. The 1H candle has been unable to close below Wednesday’s low, and although I hit my first target of ~$63,600, I’d rather lock in the gains now. Let's see how the New York session plays out.
  • #2,250
  • Jun 18, 2026 6:09am Jun 18, 2026 6:09am
Quoting Lillywizzy
It's tricky at the moment, BTC is 50 50 basing on the 4Hr. And i believe it will move to the upside after the price got rejected from the 4Hr OB.
You're right; it looks like the bears found support around ~$63,600 and are currently rejecting it. On my chart, I see them testing the Weekly Pivot at $64,046.
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  • #2,251
  • Jun 18, 2026 6:48am Jun 18, 2026 6:48am
As we head into the NY session, do you expect a bullish reversal or a continuation of the current bearish trend? Let me know your thoughts.
  • #2,252
  • Jun 18, 2026 8:45am Jun 18, 2026 8:45am
Quoting Toboso01
As we head into the NY session, do you expect a bullish reversal or a continuation of the current bearish trend? Let me know your thoughts.
I am looking for sells if the market closes below 63632 and buys above 64756.
  • #2,253
  • Jun 18, 2026 9:00am Jun 18, 2026 9:00am
Bulls look to be hybernating.
  • #2,255
  • Jun 18, 2026 11:05am Jun 18, 2026 11:05am
Quoting Toboso01
My outlook for Thursday, June 18: On Wednesday 17, the bears successfully closed the session at Sunday’s open, around ~$64,400. During the upcoming Asia session, bulls may attempt a move higher, but they face immediate resistance at ~$65,000, which sits in confluence with today’s pivot point. To regain market control, the bulls face the challenge of breaking through $65,000 and pushing to close above ~$65,700, effectively engulfing Wednesday’s daily candle. Resistance Levels (Bullish Objectives): 1st Target: ~$65,000 2nd Target: ~$65,700 Bearish...
All 3 targets met! Bulls pushed strongly up to 62,000.
Sadly, I stepped out at the first target.
  • #2,256
  • Jun 18, 2026 11:11am Jun 18, 2026 11:11am
Quoting Toboso01
{quote} All 3 targets met! Bulls pushed strongly up to 62,000. Sadly, I stepped out at the first target.
BTC long 62300 . target 64000
  • #2,257
  • Jun 18, 2026 11:28am Jun 18, 2026 11:28am
Quoting ramshajaved3
{quote} BTC long 62300 . target 64000
It could happen, but it feels like catching a falling knife right now. What are you seeing in the charts that I'm missing?
  • #2,258
  • Jun 18, 2026 11:36am Jun 18, 2026 11:36am
Quoting Toboso01
{quote} It could happen, but it feels like catching a falling knife right now. What are you seeing in the charts that I'm missing?
Engulfing candle in order block . it will goes up from 62300 or 61700 maximum . upper levels targets are same 64000-65000 .
  • #2,259
  • Jun 18, 2026 12:22pm Jun 18, 2026 12:22pm
Quoting ramshajaved3
{quote} Engulfing candle in order block . it will goes up from 62300 or 61700 maximum . upper levels targets are same 64000-65000 .
It makes sense, thank you. I will wait for a safer entry after this downward momentum cools off.
  • #2,260
  • Last Post: Jun 18, 2026 3:47pm Jun 18, 2026 3:47pm
Quoting Toboso01
{quote} It makes sense, thank you. I will wait for a safer entry after this downward momentum cools off.
we are at 63000 now .
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