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Bitcoin-btcusd

Cryptolean Bitcoin BTC Update Bitcoin found a support at $64,360 and is having a bullish pullback, however IMHO, it is temporary. Below $69,654, BTC will be under bearish pressure. A sustained price action below $69,654 will push BTC price to re-test $64,360 and, possibly, lower to the key daily support at $59,920. Bitcoin has to move bullish and break through $73,423 for another bullish extension towards $78,223-$82,353. Intraday Chart Bitcoin is testing the bottom of the intraday range zone at $67,227 and below it is a bearish territory. A bullish rejection of $67,227 will push price to $70,692, however the move will be slow and choppy. A bearish break-out of $67,227 will lead to a re-test of $65,364 and lower to $61.562-$63,143, the key intraday support. Like once read! Thank you.
by Trade-Lean
Bitcoin to 60k - Clarification on the Last PostApologies for the multiple posts on the same topic readers. One of my followers kindly pointed out that we had already hit 64.8k and I realized that I had not proof-read my work before sending out. The title of the last post was supposed to say that Bitcoin was headed to 60k not 64.8k. I have corrected this where I can but unfortunately, am not able to correct this on TV. So, since we’ve hit 64.8k already, the projected price trajectory that I meant to describe can be seen in the chart above. Essentially, it is this: we bounce to 69k and create a new lower high, then we drop back down to 64.8k and break it, dropping further to our multi-year support at around 60k. It is at this point the market will have a decision to make. Do we drop further and retest 48k or do we bounce and head towards that 80k target overhead? As long as we remain on the top side of that multi-year support/resistance trendline, my bet is that we’ll hit 80k next. Hope this clarification makes more sense. Best, Stew
INDEX:BTCUSDShort
by stewdamus
Bitcoin Heading to 64.8kTraders, Bitcoin is likely to start making daily lower highs this next week. Of course, we have another FOMC meeting coming up which will add a level of uncertainty and possible volatility. I have been hoping for a retrace down to that 64.8k level (ascending multi-year support/resistance) and I think we'll get it. Above I have the proposed path that price might take. Once we have tagged that 64.8k level the question becomes, "What's next?". Remember, we have an 80k inverse H&S target which we have NOT hit yet. And as long as we remain above that multi-year support level, my experience tells me that we'll probably bounce there and continue upwards. However, as always, we have to prepare for the other scenario as well, that we continue down. If we continue down, then likely we'll retest that purple neckline around 48k. And, IMO, that may be one of the last times you'll ever see 48k on BTC again. Even with the looming U.S. recession/depression that should begin sometime this year (and it will be bad), I see Bitcoin holding it's ground and remaining relatively strong overall against other asset classes. Best in all your trades, Stewdamus
INDEX:BTCUSDShort
by stewdamus
3
Bitcoin: Correction Just Starting.Bitcoin is now correcting from the 73K all time high, just above my short term high probability reversal zone (upper blue rectangle). Prices between 64.5 and 69K were highly vulnerable to this type of move to begin with and coupled with the 10K retrace of two weeks ago, there was plenty of warning for investors who understand markets. I hope you were NOT one of those who were convinced this was going to 100K in the next month or so. As I have been pointing out repeatedly in my streams, the completion of 5 waves usually means THE PARTY IS OVER. What that means is Bitcoin is likely to be in a corrective structure over the next few months. Corrective waves typically unfold in three legs. The first leg, Wave A, can find support somewhere around 64,500 OR the 60K AREA. There is NO WAY to know how the market will play out in advance. These levels were previous resistances which are now likely to act as supports. Buying after price action confirmation makes sense for day and swing trades, but these are FAR from ideal investing levels. Markets move in cycles, NOT straight lines. Buying this too early (which many will do) will result in taking a lot of unexpected pain. IF 60K happens to break, you are looking at 58K, 55K and 52K areas for supports. These are points of reference to evaluate further. In situations like this, particularly for swing trades, it is best to wait for some type of complex reversal pattern like a double bottom either on this time frame or something like a 4H (which is what my bot uses). The coming corrective structure is NOT to be misunderstood as a "bear" market. It is more likely to be a bullish consolidation which can eventually lead to a positive break out. A great example of this is Gold. For a number of years gold has been in a higher low bullish consolidation and just recently broke out. During that time, especially at the break out attempts all the hype promoted "5K next month" nonsense getting people to buy into those high risk prices. Be prepared for the same nonsense with Bitcoin. I often get asked "what is Bitcoin going to do next?" and the answer is I have NO idea. People who ask this are missing the point. Navigating the markets for profit has NOTHING to do with trying to figure out what will happen next. IT is about evaluating a range of high probability scenarios on BOTH sides of the market. This can be done with historical price information like we find on a chart. Once you have narrowed a reasonable range of scenarios, you can then prepare, and WAIT for the market to confirm which path IT decides to choose.Only then can your risk management plan go into effect. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
23
Digibyte: The True Gem of Decentralized CryptoUnveiling Digibyte: The Decentralized Powerhouse of Crypto In the dynamic world of cryptocurrencies, where innovation and decentralization are prized, Digibyte stands out as a beacon of true decentralization and utility. Established in 2013 by Jared Tate, Digibyte has weathered the storms of the crypto market, emerging as a robust and resilient digital currency. Decentralization at its Core At the heart of Digibyte lies its commitment to decentralization. Unlike many cryptocurrencies that claim decentralization but often fall short due to centralizing forces, Digibyte boasts a truly decentralized network. With five mining algorithms employed to secure its blockchain, Digibyte ensures a more equitable distribution of mining power, thwarting the dominance of any single entity. This multi-algorithm approach enhances security and resilience, making the network less susceptible to 51% attacks. A Rich History and Low Fees Having been in existence for nearly a decade, Digibyte has proven its longevity and stability in the volatile crypto landscape. One of its standout features is its UTXO (Unspent Transaction Output) model, which enables fast and low-cost transactions. With fees remaining minimal, Digibyte facilitates efficient peer-to-peer transactions, making it an attractive option for both everyday users and businesses alike. The True Value of Proof of Work (PoW) and Real Use Cases In an ecosystem often dominated by speculative fervor, Digibyte shines as a cryptocurrency grounded in real-world use cases. Its Proof of Work (PoW) consensus mechanism not only ensures network security but also incentivizes active participation from miners, further bolstering decentralization. Moreover, Digibyte's emphasis on real-world utility, with applications ranging from secure payments to decentralized applications (dApps), underscores its potential for long-term viability. Charting New Horizons: The Bullish Prospects Despite facing resistance at the 0.018 level, Digibyte's price trajectory suggests the formation of a potential bull pennant. As the coin consolidates sideways, investors keenly observe the uptrend channel, anticipating a breakout above historical resistance. Should the pennant indeed break upwards, signaling a major bullish run, Digibyte could see significant price appreciation. However, prudent investors may consider potential pullbacks within the old range for strategic re-entry points. Constant Development and Community Engagement One of the hallmarks of Digibyte's success lies in its vibrant community and dedicated development team. Active on platforms like Twitter, Digibyte developers consistently engage with the community, providing updates on ongoing developments and fostering a collaborative environment. This commitment to transparency and innovation bodes well for Digibyte's continued growth and adoption. Conclusion: Digibyte - A Hidden Gem in the Crypto Universe As the crypto landscape evolves, discerning investors seek assets that embody the principles of decentralization, utility, and long-term value. Digibyte, with its robust decentralized network, low fees, and real-world use cases, epitomizes the essence of a true cryptocurrency gem. While navigating market fluctuations, Digibyte stands poised to carve its niche as a reliable and resilient digital asset, offering investors a compelling addition to their portfolios.
Long
by UnknownUnicorn2319099
ADAUSDT → Breakthrough readiness. Target 1.25.BINANCE:ADAUSDT is forming an interesting potential that may allow the price to break out of the current range and head towards $1.25. There is an interesting situation on W1. A breakout of 0.746 level is formed and price consolidation above the level (On D1), which allows the bulls to cfrm an intermediate bottom. If we pay attention to bitcoin, on H1 the coin is preparing to continue its growth, Cardano may respond to this by breaking through resistance and then rallying to the mentioned targets. Strong support is forming on the chart, based on the local double bottom, liquidation on March 6, as well as the liquidity zone below 0.6850. This allows to form a potential for further growth. Resistance levels: 0.7882, trend resistance. Support levels: 0.730, 0.6850 I expect a breakout of the range resistance, which may give a new breath for the coin. The intermediate target in our case is the end point of the correction at the bear market 0.8992, as well as the psychological level of 1.00 CME:BTC1! BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
7
BITCOIN The ETF multiyear rally has only just begun(Gold's case)With Bitcoin's (BTCUSD) continuous bullish run, day after day, running basically the 7th straight green month, we thought it may be a good time to put things into a greater perspective from a macro point of view, as many seem confused over this hyper aggressive bullish sentiment. The reason is one and one alone and has a very short name: E T F Yes, everyone that is following the market knows that on January 11 2024, the first Bitcoin ETF was launched on the U.S. market and after a quick dip, the price has been rising every since. Other macro factors are playing their role, such as the AI technological innovation, the upcoming Halving, the anticipation of Fed rate cuts by June etc. But BTC has never made a new All Time High (ATH) before the Halving before, and this is primarily attributed to the ETFs introduction. What better case to compare Bitcoin's price action to Gold's following its own ETF launch. That was done on March 28 2003 and the result you can see on the right hand chart. Gold used its 1W MA50 (blue trend-line) as a Support to fuel an 8 year parabolic rally, which only broken during the shock of the 2008 Housing Crisis, but still managed to recover the extend the rally until August 2011. That peak almost on the 4.0 Fibonacci extension level from the High (January 1996) that preceded Gold's ETF. If Bitcoin follows a similar trend to Gold's (note that Gold's market cap is around $14.530 Trillion, while BTC's is 'only' $1.445 Trillion), it can reach and even surpass emphatically the $1000000 mark (the 4.0 Fib for Bitcoin is at $6 million). Crazy as this may sound (well that's Bitcoin's life story, everything has been 'crazy' at $1, then $10, $100, it was deemed expensive by some even at $1000 and so on), there is no time restriction nor the necessity to reach seemingly extraordinary levels in 8 years or 10. As the market matures, fiat currencies are devalued by more inflation etc, and adoption is accelerated, this may be a process that takes up 15, 20, 30 years. The key, not just for fund managers but also average investors, is to hold Bitcoin in their portfolios just as it has been paying off since 2003 to hold Gold. Buy what do you think about these two assets and their potential similarities of their post ETF trends? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
16
Bitcoin Bull Run Brewing? Weekly Supply & Demand Analysis!Hello Traders, Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead. We have one Demand Zone, and 2 Supply Zones. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries! Please Note That The Only Purpose of The Information On This Page is Purely Educational. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
by SuccessStrikes
2
BITCOIN hit 70k! Can a 60k pull-back deliver 100k in 3 months?Bitcoin (BTCUSD) broke the $70000 psychological barrier today, smashing yet again a benchmark level during this Bull Cycle and on a momentum basis, it does not give any signs of stopping. However based on the 2020 post-COVID crash fractal, which started after the 1D MA50 (blue trend-line) crossed above the 1W MA50 (red trend-line), and that BTC has been following on an almost identical trade for the past 1 year (since March 2020), the price may experience a short-term pull-back at this stage. If the fractal continues to play out, then a $60000 correction towards the end of the month, may come as a technical necessity is Bitcoin is to see a new High as we get closer to April's Halving. As you can see, even the 1D RSI sequences between the two fractals are quite similar. Based on that fractal we may even see Bitcoin at $100000 as early as June! Do you agree with that? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
7
Bitcoin in accumulation phase since last channel cross⭐️🚨🚨🚨Bitcoin in accumulation phase since last channel cross⭐️🚨🚨🚨 We stay in this phase until BTC closes above the channel and the pre-bull run begins Like & Follow if you are accumulating dear Crypto Nation🤗 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BITSTAMP:BTCUSD
by Crypto4Everybody
6
Bitcoin H4 | Potential bullish breakoutBitcoin (BTC/USD) is rising towards a potential breakout level and could make a bullish continuation towards our take-profit target. Entry: 69,962.27 Why we like it: There is a potential breakout level (wait for 1-hour candle to close above 69,962.27 for a breakout confirmation) Stop Loss: 62,961.89 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Take Profit: 80,100.77 Why we like it: There is a resistance that aligns with the 100.0% Fibonacci projection level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:BTCUSDLong
by VantageMarkets
1
Bitcoin does a drop then pop LONGBTCUSD three days ago did a drop to take out stop losses and get shorts to take profit. Since then it reversed climbing over a price of 45.4 K. The MACD lines are under the histogram which just flipped negative to positive indicating the beginning or recycling of bullish momentum. The RSI indicators are not at all in overbought territory no matter then run up over the following three days. Relative Volumes are about 3X the running average. CLSK Clearspark reported today and surged. Anyone who played my options idea for it, saw a 300% return overnight. HUT likewise. Although I did not post an idea, BTBT got even more altitude and got over its past year high while still only 20% of its all-time high, Is this with the crypto resurgence at its onset predicted by both pundits and fortunetellers? Maybe or maybe not. But what it might be is an opening to get into your favorite crypto play while the momentum continues. I would seem that the most aggressive is near-term options on equities approaching earnings. MSTR is a megacap slow moving and it got 25% in the past five days on the share price. The small caps are moving much more than that. If you have cash in reverse this might be a to deploy it judiciously here in some of the crypto action, in my opinion.
BITSTAMP:BTCUSDLong
by AwesomeAvani
Bitcoin consolidating and waiting for possible reversal SHORTI see Bitcoin as ready to fall as its next move. Short sellers are positioning. Volumes are falling in a signal of capitulation. Relative strength is showing bearish divergence while price is in consolidation. The boxes are checked and it is the weekend when the price volume trend is typically sideways. This is demonstrated by the flatline PVT. I will short Bitcoin when I see a bit of a volume push. I will reassess by crypto-related stock and options positions in due diligence to protect risk.
COINBASE:BTCUSDShort
by AwesomeAvani
3
BTCUSD retraced its trend down of mid January LONGBitcoin has retraced the trend down from the January 11 pivot high. The retracement is 0.5 Fib level. The zero-lag MACD and dual TF RSI both show bullish momentum. I believe BTCUSD may consolidate here and then at least by the Luxalgo Echo indicator bullish continuation will restart. I see a good entry at 43800 with a stop loss below the 0.5 Fib level at 43250 which would be about 1.25% My target at the second upper VWAP band line is 47800 or about 8% upside. This is confluent with the 0.618 Fib extension. The reward to risk would be 4000 / 550 or about 7.
BITSTAMP:BTCUSDLong
by AwesomeAvani
2
Xau/UsdHello traders! As we can see, the couple entered the channel scheme. All we have to do now is to wait for the confirmation to sell. I think that the max level is 2255.00. We have 2 versions: The first version is for the pair to go down directly to the quote where it is. The second version is for the price to reach the level of 2255.00 and then to fall. Patience is the key. Target 1950.00. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
OANDA:XAUUSDShort
by THP-Forex-Academy