Get started

Bitcoin-btcusd

BTC Dips to 58K: Accumulation Time?GM crypto bro's, happy working day! This morning, BTC finally dropped to the 58K area, as mentioned in previous market updates. The fear and greed index is at 25, indicating extreme fear, while the stoch RSI is at 56, with the potential to continue rising towards the oversold area. Currently, 58K is a good zone for accumulating Bitcoin, given the extreme fear in the market. There’s still a possibility for BTC to drop further, perhaps to the 57K-56K range, but the probability of this is only about 30%, with a 70% chance of pumping to the 65K area. But keep in mind, the market is dynamic—don't get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
Bitcoin: Back To 56K Support.Bitcoin has rejected the 53 to 56K support zone as I wrote and spoke about in my previous week’s analysis. My followers were not surprised and some even recognized the brief investment opportunity that I emphasized heavily during my stream. If you are caught on the wrong side of this move, most likely it is a result of consuming low quality information (too much internet). In this analysis I am going to point out what this week’s anticipated scenario can look like based on what PRICE STRUCTURE SAYS, nothing else. Do not be confused by news and drama, it only looks to appeal to you on an emotional level. Professionals are able to capitalize on this, so it is YOUR job to make every effort to be as objective as possible. This can be achieved by consuming information that offers perspective and insight that is typically missing from typical sources such as news. Trend and support/resistance is such information and it is what I use primarily to arrive at a scenario that is favored each week. Bitcoin has rejected the 53 to 56K reversal zone (expected) in a dramatic way and has gone straight into the 60 to 62K area resistance. Since testing this area, a bearish inside bar (See arrow) has printed along with a break below the low. This is a sell signal within a price area where such a signal is of higher probability. With this in place, I anticipate a test of the 56K support over the coming week. IF price is going to reversal higher and test the range highs, the 56K level would ne an ideal location for such a move to originate from. Why? The location has a history of buying activity. There is NO guarantee of course, it is only an anticipated probability. For swing traders this means measuring the risk against a potential retrace to 56K. Confirmation is KEY in these situations and working on slightly smaller time frames helps to reduce risk effectively when you can clearly define the risk and profit objective (this is where Trade Scanner Pro shines). I must always remind followers this is NOT a game of forecasting the future, it is game of estimating probabilities and controlling risk because there is a always a good chance the market WILL NOT COOPERATE With your anticipated outcome. Another important point that I make often is that when evaluating a market, both sides must be considered. In the case of Bitcoin, It is also possible to get a bullish continuation pattern that can take price back into the mid 60Ks. While this is NOT the favored scenario, it is important to recognize so that if you are short, you are better able to recognize and adjust to being wrong. IF there is ANY skill to this game, ADJUSTING to changes in the market decisively (knowing when you are wrong) is IT. So for this week, the retrace to 56K area is the favored scenario unless the market changes it mind. Be prepared for bullish reversals in that price area. Knowing your time frame, and what risk/reward parameters are associated with that time frame is essential to effectively navigating this broad range bound market situation (50K to 73K). Those with opinions, and those who get swept up into the internet nonsense and OVER complicate things will only find themselves more confused. I say it over and over: the ONLY two components you need to make effective decisions are trend and support/resistance levels. Less is MORE. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
8
Bitcoin reaction when the CEO leavesJust take a look on dates and headlines BITSTAMP:BTCUSD What do you think will be next this time? Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by Crypto4light
2
BTC: Sideways or Pump Ahead?GM crypto bro's, happy weekend! This morning, BTC is still moving sideways. The fear and greed index is at 39, indicating fear, while the stoch RSI is on its way to the overbought area. Overall, our targets remain the same as yesterday: a chance for a correction to the 58K area followed by a pump to 65K, or maybe even an instant pump to 65K—after all, anything can happen in the market. But let’s see how the market makers will draw the BTC chart going forward. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
1
BTC Weekend Moves: Correction or Pump?GM crypto bro's, happy weekend to those on vacation, and stay strong for those still working like me. Okay, this morning BTC has started to correct as I mentioned in yesterday's market update. The fear and greed index is at a neutral 40, while the stoch RSI has exited the oversold area and is heading towards overbought. From a price action perspective, my outlook this morning is that BTC still has a chance to continue its correction to around the 58K area, while the nearest target for a pump is in the 65K area. But let's see how the market makers will draw the BTC chart going forward. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
SPY/QQQ Plan Your Trade 9-9 Update : SPY Must Rally Above 532This is a quick update related to the Inside Breakaway Pattern today. The SPY must attempt to break above 532 in order to attempt a rally up to 539-542. I really believe the SPY is primed to move into a Ripper Rally phase between now and the end of next week. I will urge the Make-Or-Break (525-526) is still in play. If the SPY falls below 525 - the trend flips to BEARISH If the SPY stays above 525 - the trend is BULLISH. So, we need to see how today plays out. But, I believe a Ripper Rally is primed and ready to go where the SPY could rally up into the 540+ level very easily. It may play out as a rally to 545++ by mid-next week - but we may see it start today. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
BTC Hits 58K! What's Next for the Weekend?GM crypto bro's, as I mentioned yesterday, BTC has pumped back up and even surpassed our 58K target. The fear and greed index is now at a neutral 48, while the stoch RSI has successfully exited the oversold area. As we approach the weekend, there’s a possibility for BTC to retest the 58K - 60K area. But keep in mind, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that nothing is impossible in the crypto market. Anything can happen. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
Btcusd → a scalp onehello guys... Technical Analysis The chart provided is a 15-minute price chart for Bitcoin (BTC/USDT) on Binance. Here's a breakdown of the technical analysis: 1. Rising Wedge Pattern: - The price has formed a rising wedge pattern, which is typically a bearish reversal pattern. This pattern occurs when the price is making higher highs and higher lows, but the upward momentum is weakening. - The wedge has been broken to the downside, indicating that the bearish reversal is in play. 2. Support and Resistance Levels: - Support Level: The chart shows a horizontal support level of around 53,454.58 USDT. This level is likely the next target for the price, as indicated by the downward arrow. - Resistance Zone: A yellow box highlights a resistance area around 55,800 - 56,100 USDT where the price had previously consolidated before breaking down. 3. Price Action: - After breaking out of the wedge to the downside, the price attempted to retest the support-turned-resistance zone but failed to break back above it. - The failure at the resistance zone strengthens the bearish outlook, suggesting that sellers are in control. 4. Projection: - The chart suggests that the price is likely to continue its downward movement towards the support level at 53,454.58 USDT. - If this support breaks, further downside could be expected, but this level might also act as a potential bounce area. Summary in Bullet Points - Bearish Pattern: The chart shows a rising wedge pattern, which has broken down, indicating a bearish reversal. - Resistance Zone: Price faces resistance around 55,800 - 56,100 USDT after the breakdown. - Support Level: The next key support level is at 53,454.58 USDT. - Bearish Outlook: The price is likely to move down towards the support level, with potential further downside if the support fails to hold. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
4
BITCOIN priced the new bottom. Strong evidence of new ATH ahead.With tensions and volatility continuing among the markets, we revisit a chart that we published almost 1 year ago (August 14, see chart below) when the market was again in a time of high volatility and was consolidating within a wide margin for a rather long period of time (April 17 2023 - August 21 2023): Back then we stated that a huge rally was in the making and only one week later, the market delivered and BTC rose from 25k to +70k in a span of 6 months. It was the unique Bullish Cross on the 3W KTS indicator that only happens once in every Cycle that cemented our bullish projection. BTC is now on a consolidation phase similar not only to the 2023 one (Apr - Aug) but also to the past Cycles that followed the KTS Bullish Cross. It is noticeable that there are two such consolidation phases in every Bull Cycle and currently we are inside the 2nd. This is strong evidence suggesting that we are about to experience multiple green months in the coming quarters. Do you agree or you feel the economic slowdown fears will prevail and break this structure? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
1
BTC Fear Index Rises! Is Recovery in Sight?GM crypto bro's, this morning, the fear and greed index has increased from yesterday's 17 (extreme fear) to 29 (fear). The stoch RSI is also starting to show signs of recovery from its oversold area. Overall, the outlook remains the same as yesterday. Our target for BTC is to retest the 58K area first. Like always, keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, and always remember that nothing is impossible in the crypto market. Anything can happen. Always manage your risks, and as always, that's all for today's crypto update. I'm Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
BITCOIN LONG TO $77,000 (4H UPDATE):Bitcoin touched into our supply zone which we wanted to happen. But as price came into our zone during the weekend, we stayed out of the market. As you all know during weekends I stay away from charts, as majority of the time volume is dead. Good thing we didn't take any buy's as BTC has been getting demolished. Will definitely keep an eye on price action over the next few weeks as market structure clears up & provides its next opportunity🤙🏽
BITSTAMP:BTCUSD
by BA_Investments
Extreme Fear! BTC Fear Index Drops to 17! What's Next?GM crypto bro's, finally, the market has slightly calmed down this morning after our portfolios got nuked yesterday. Keep staying strong, guys. Okay, this morning's update: the fear and greed index has dropped back to 17 (extreme fear), while the stoch RSI is still dead like yesterday. In terms of price action, BTC has a small chance to visit around the 58K area and then go sideways in the 57K - 56K range. Hopefully, there won't be any more crazy drops. The long candle on 05/08/2024 has already claimed many casualties. There is a possibility that the current market drop is part of a plan by big money, whales, etc., to buy the dip on a massive scale, considering the growing rumors that Grandpa Powell from the FED might cut interest rates in September. Like always, keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, and always remember that nothing is impossible in the crypto market. Anything can happen, even the impossible. Always manage your risks, and as always, that's all for today's crypto update. I'm Akki, signing off. Stay sane, my liquidated friends, and have a nice day.
INDEX:BTCUSD
by x_Akki
What to expect from BTC in the next six months? Global forecastHalf of 2024 is over. During this time, Bitcoin has managed to update its 💥 historical highs. What can we expect from bitcoin and the cryptocurrency market in the future? For six months, there was only one month when the price was actively growing. It was February 2024: In one month, the BTC price rose by 💎43% and began consolidating on the monthly timeframe. In March, the BTC price updated its historical high. This month saw the highest volume trading in 2024. The situation with BTC is most dangerous on the monthly timeframe . For 4 months, bitcoin has been consolidating under the historical high. If we didn't know that it was bitcoin, we would have expected the price to fall by the end of 2024 with a minimum target of $41,000. However, a similar situation with bitcoin occurred exactly a year ago. The BTC price stopped in consolidation starting in March 2023. During the summer, bitcoin did not move anywhere globally, and since September, we have seen a powerful wave of growth: Given the fact that bitcoin has never stopped its growth after updating its historical highs, the likelihood of such a scenario is also high: Great! So how do we make trading decisions? To do this, let's look at smaller timeframes. For example, a weekly one. After a strong upward momentum in the BTC price since September 2023, sellers have reacted rather weakly to the update of the historical high: In our opinion, everything will become clear after the BTC price updates the $56,000 mark. If the decline slows down and the price rebounds actively, we do not expect a deep correction of BTC and will wait for the extension of the BTC term and the update of historical highs by the end of 2024. However, if there is no support in the $55,000 range , this is a signal that 2024 will end with a boring correction with the main target of $42,000. And until the BTC price tests the $55,000 range, we would not make global decisions. However, what will happen to altcoins if, for example, bitcoin goes to $42,000? Here, I would like to show you a chart of BTC's dominance on the monthly timeframe so that you can understand how much things can change: Since October 2023, it has become extremely difficult to update local highs on the BTC dominance chart. And this is not even helped by Bitcoin ETFs. During July-August 2024, bitcoin's influence may drop sharply to 47%. Therefore, even in a negative scenario, when bitcoin falls to the $42,000 range, other cryptocurrencies should not fall as much as they did in June. And now let's look at what chance the cryptocurrency market has of falling back into a protracted crypto winter! Here is a chart of USDT's dominance on the monthly timeframe: In January 2024, the USDT dominance indicator broke through the 2019 USDT dominance uptrend! The worst-case scenario we see now is a retest of the consolidation in which USDT dominance moved from June 2022 to October 2023. However, such a scenario is possible if the current 5.1% range does not keep the pressure off USDT dominance: On the weekly timeframe, we can see that the growth structure of USDT dominance does not look strong. What conclusions can be drawn from this information? 👉By the end of the summer, bitcoin has a good chance of losing its influence on the cryptocurrency market. And it can happen abruptly. 👉In July, it will become clear whether the cryptocurrency market will grow by the end of 2024 or whether 2024 will end on a bearish note. 👉Right now, there is a critical point in the cryptocurrency market from which the market can start a new medium-term growth wave. And it is during this growth that altcoins will feel good. What do you think about the cryptocurrency market by the end of 2024? Write your thoughts in the comments!
by P_S_trade
19
4HR Wave Breaking DownSorry I am traveling so don’t have access to laptop to get better chart, let’s do this from phone This is continuing our last “delusional bulls” idea - finally the 4HR wave broke down - target remain under 55k - that’s deep and sound impossible but this is 3rd time this wave pulled the price down and broke See how the price never stayed above the upper channel for long, strong sign of weakness on upside. Let’s continue to short all the way to 65k and keep stop at 71k - under 65k idea is to hold shorts but refrain for adding new shorts as the swing move can be strong if the idea was to go in trash for some reason
COINBASE:BTCUSDShort
by dad-bit
2
Bitcoin update 29.07.24After several weeks of correction. No one doubts Trump's victory in the next US presidential election, so we see a positive trend in the market. The fact that Trump is positive about cryptocurrencies and his proposal to appoint Larry Fink (head of BlackRock) to the post of US Treasury Secretary, of course, causes a big stir in the sphere, as I wrote in previous posts about RWA Larry Fink () has taken tokenization and this sphere into his hands and if he becomes in this post then, the US license for RWA blockchain will be with a company with people from BlackRock I do not doubt that I will say more if he is not even in an office as Treasury Secretary, the blockchain with US license will still be with a company from BlackRock. About bitcoin. We are now near the upper level and ATH of Bitcoin. With the news of unlocking a large amount of BTC from MTGox, many people started shorting with stop losses above ATH. So stop losses will be liquidated, liquidity will be reached (red box), and soon, we will see a new top. We still have a bull market, and according to my forecasts below, it will continue until September 2025. () The cryptocurrency market is a market of expectations, and the number one expectation is President Trump. Buy-on rumors and sell-on facts are the only things that can be said with certainty, and early November may already be a fact and a minor correction. Although the last time Trump was elected, the market reacted with a strong upward rally. Best regards EXCAVO
Long
by EXCAVO
20
Fear & Greed Index Plummets as BTCUSD Dumps SignificantlyGM Crypto Bro's, this morning BTC dumped significantly, causing the Fear and Greed Index to drop to 26 (fear). The Stoch RSI is still resting in the oversold area. There is a big chance for a drop into the red zone around the 50K area, but there is also a small chance for a pump in the nearest blue zone. As always, keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm. Remember, anything can happen in the crypto market these days. Maintain your risk, and that's all for today's crypto update. I'm Akki, one chart, and have a nice day
INDEX:BTCUSD
by x_Akki
Bitcoin: Bearish? Not Yet.Bitcoin has rejected the 68 to 70K resistance area as I anticipated in my previous article. If you read it, you will recall that I explained the level of risk for longs at such a location was high for this time frame. What there was NO way to know was IF it were to sell off, how low would it go? Only the market can answer and that is what we can see NOW. Two major support areas were compromised and the range low near 56K was tested in just a matter of days. The key to NOT getting caught in this buying too early is WAITING for price confirmation around specified levels. IF you are stuck in a long because you bought too early, there are two things you need to accept: markets are MOSTLY random and NO ONE can tell you the future. In this situation, when Bitcoin was flirting with 70K, many "experts" claim it will continue higher, you will miss the break out, etc. And you will notice the same phenomenon now: "experts" will project this move visually, forecasting moves to 50K or lower, etc. If you want to be able to navigate this environment more effectively, STOP consuming low grade information and learn to gather much better information from the market itself. I'm not right all the time, but I can at least assess risk in a consistent way and make better informed decisions simply because I listen to the market ONLY. The current price area offers a better opportunity for LONGS at this time, even though a test of the 56 to 53K support area can occur over the following week (see illustration). The arrow on this chart points to the recent pattern of buying activity and this is a good example of what you want to see again which can be a form of confirmation. Looking for shorts in this situation is best for day traders only because of the squeeze potential. This is where a confirmation tool like the Trade Scanner Pro shines. Without any way to confirm levels, you have no way to gauge the probability of a level breaking or not. Just ask the traders who stepped in front of the 66 to 64K support, and the 60K support. What time frame to look for confirmation on will depend on what type of trade you are looking to take. On this time frame, which is more appropriate for swing trades and investing, a confirmation pattern can take a number of days. You need to know exactly what to look for and understand how to best manage risk by utilizing a position sizing strategy. As you can see on this chart, 56K was quickly rejected, but the candle is still open and the recent momentum is still intact (bearish candles). When I see this, I prefer to wait for more complex reversal patterns like double bottoms or failed lows compared to something like a single pin bar. It is important to ALWAYS consider the market from both sides and then use that information to filter your trade ideas. The general location is attractive for longs, especially on the investing time frame but that does not mean it will reverse back to the highs here. IF the 56 to 53K support breaks, a test of 50K becomes likely. IF that breaks, then the 40Ks can be in play. AGAIN it is ALL about CONFIRMATION. No confirmation, then there is a much lower chance of a significant reversal. Overall, no matter what you read or hear, the fact is the broader Bitcoin trend has not changed, it is still BULLISH. The mid term trend is range bound and price is now flirting with the range LOW. IF if holds over the next week or so this can be a buying opportunity. IF it breaks, the state of the broader trend may be in question and will call for reevaluation. This is NOT a game of being right, it is a game of managing risk in a highly random environment. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
10
$BTC may do something like this in this week#bitcoin #btc price is heading to fill CME CRYPTOCAP:BTC futures gap at ~58K while weekly close is approaching. Oscillators will likely turn "Oversold" less than in a day and market may be dipped in around CME gap price. #Stock markets already turned oversold and local dips happened. Whilst a favorable aspect for financial markets is approaching: Sun will sextile Jupiter, the planet of fortune and wealth, i expect markets to go up all the week from now on (Today is new moon, the pivot day). But, beware. This will likely be a relief rally, a bull trap... It's better to be in low risk assets in second half of August. Avoid high risks. Not financial advice.
by naphyse
BTC/USDT WILL DCA WHALES EXPLODE BTC AFTER 74K TO 100KThank you for reading this update. Bitcoin (BTC) appears to be in a crucial area known as the Dollar-Cost Averaging (DCA) whale protection zone. This zone is significant for maintaining the current trend, as it acts as a security zone for the ongoing DCA cycle, which remains intact. We have been tracking BTC since it reached $53K and are now monitoring it as it approaches the next target of $74K. If BTC can confirm a move to $74K, there is a high likelihood of a major breakout to $100K. We find it essential to stay updated with the volume trends and observe the cycle's progress. At this moment there is no confirmation for a breakdown trend and BTC stays positive and into the cycle. Data shows that high-volume DCA whales are not investigating for just the short term, it's a goal that can take at least 6m+, and this can be tracked depending on the transaction data. * With DCA whales means the known large firms and the unknowns holding wallets.
Long
by SatochiTrader
7
Bitcoin on 2h chart Hello, dear friends! Welcome to my page🫶 Today, let's take a look at the Bitcoin chart on the 2-hour timeframe. There is a fascinating pattern emerging that I'd like to discuss. 🧐 I've drawn long-term support and resistance lines that have been forming since February and March of this year. Today, Bitcoin is attempting to break through a descending trendline. For many, this might seem like a bullish signal, but let's not jump to conclusions just yet. On the 2-hour chart, we can see that the price continues to form a rising wedge, which is typically considered a bearish signal, often resulting in a downward breakout. At this moment, I see the possibility of the price rising into the blue zone, followed by a sharp decline. To provide a clearer picture, I'll also include a more long-term chart so you can better understand my analysis. What are Your thoughts? How are You feeling about the market? Where do You think the price will go next? Share Your insights in the comments, I'm looking forward to hearing from You. Thanks for Your attention💋 Always Yours, Kateryna💙💛
BINANCE:BTCUSDShort
by RocketBomb
46
Bitcoin's Symmetrical Triangle Hi friends, whenever I have a moment of free time, I immediately come to share my thoughts on Bitcoin's price movement with You🩷 Since February 24th, Bitcoin has been forming a technical pattern known as a symmetrical triangle, often seen as a sign of market indecision. This pattern is characterized by the price oscillating between converging support and resistance lines, indicating a balance of buying and selling pressures. Currently, Bitcoin's price is fluctuating within this triangle, gravitating towards the upper resistance line. As the apex of the triangle approaches, the market's uncertainty could culminate in a decisive move. Given the historical behavior of similar patterns, it is plausible that we may witness a sharp price decline soon, potentially reaching levels as low as $60,000 to $58,000. This anticipated move aligns with the technical analysis principles, where symmetrical triangles often precede significant price breakouts or breakdowns. Traders should monitor these key support and resistance levels closely and consider the broader market context and potential external factors that could influence Bitcoin's price action. What do You think? What can we expect after the formation of this triangle? It's certain that there will be a strong movement, but will it go up or down? Thanks for Your attention 🫶 Truly Yours, Kateryna💋
COINBASE:BTCUSDShort
by RocketBomb
20