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Bitcoin-btcusd

Here Is How Bitcoin Can Develop Its Way Up!Hello, Traders Investors And Community, we are approaching a historical date the next time, not more than 10 days left before the third bitcoin halving will launch, in this purpose, there are some important signs which I detected in the daily bitcoin chart and which will affect the bitcoin price action the next time. In the last halving-cycles, we had a first initial small dip after the halving and initiating the whole market-cycle before going up and providing a heavy bull-market. In this current moment, we can see a similar mechanism as the supply which is causing after the halving pushing the price a little bit down and after that higher. According to this subject, I made an analysis which I recommend you to watch. When looking at my chart, you can see that we are approaching the upper resistance a third time in a row now, the last days we tested the resistance line a third time and had a generic pull-back which is normally after testing such a rising trend-line, currently, we see bitcoin testing the level on a short-term basis a second time and as we can see the price begins to struggle in this area, this is why it is within the possible spectrum that bitcoin will setup for a stronger pull-back, this initial pull-back is highly matching with the halving cycles and the resulting fractals already mentioned. When bitcoin falls below the 8320 zones I see a high possibility for a continuation to the next meaningful support-zone which is at the 7330 levels, not only do we have there the 38.2 % Fibonacci-support but also the support formed in the previous up-trend with its highs formed in the up-trend. If we do approach this level it will highly likely confirm as support and therefore get us back up! When this does not happen the next support is at 6030 which is the 61.8 % Fibonacci-Support. The fact that we are trading in a 312-day old consolidation phase, which is not little for bitcoin makes it clearer that bitcoin will have a heavy breakout in the middle-to-long-term-perspective. Also what we can see here and is important in this structure is the big broadening wedge which is forming here and could confirm when we are approaching higher from the 38.2 % Fibonacci-support. What is amazing is that it is also matching with the halving-cycles. It is one more factor in the schedule to decide bitcoins outcome. Friends we should always look at the highest possible outcome and for now, it is in the potential for bitcoin to move higher above the falling huge resistance-line. After we get above this resistance-line the overall broadening wedge is confirmed and the logical target, therefore, will be the range between 12600 and 13800 which you can see marked in my chart with the box. Before that happens we have a fundamental support/resistance level that has to be taken out. Bitcoin is in a historical situation where it has to decide the next step and if it is going to break like expected. The broadening wedge scenario has to be confirmed rightly! Before that, we can not wether bitcoin begins to struggle again or the main target at 12600 and 13800 will be in play! Therefore we need to keep patient and look at the chart with a clear head not fall for the illogical approach in the markets many people falling into. Trading is always about elevating the highest possible outcomes and therefore trading these accordingly, at the moment there are some good signs which playing into the scenario of a breakout to the upside but there is still a potential possibility for downside remaining as the middle-term trend is still weak which shouldn't be ignored! In this manner, thank you for watching the analysis, will be great when you support for more market insight! “Price is what you pay. Value is what you get.” FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
19
Can Ripple Manage To Trade Above Resistance Or Fall Back Below?!Hello friends, welcome to this analysis about ripples current middle-to-long-term price action and where we are advancing the next days and weeks, hopefully, everybody is doing good in these markets we are facing today. I made already an analysis of the ongoing subject with ripple where the important resistance we are still having in ripple is mentioned, I highly recommend to you that you go to my account and look on it to have a full-depth-overview about the things going on in ripples price-action we currently see. As I mentioned there ripple will confirm it as resistance and will have a hard time coming over it when this possibility should play out. Unlike other cryptocurrencies like ethereum or bitcoin we can see now really really different signs at the moment in ripples price-action. Unlike to other cryptocurrencies, ripple didn't make a higher high which exceeded the previous high made, currently, it is still trading under this high which first of all is a sign that ripple is more bearish then the other leading cryptocurrencies. Firstly ripple has to come above the strong resistance level which you see in my chart marked with the blue box, this level still serves as the major resistance level and cant be ignored in the structure, as you can see it bounced several times to the downside from that level, this mechanism can happen again. On the other side, we have some worthwhile signs currently happening on the indicational side where I detected a fractal forming in the past price-action together with the MACD movement. There we could see a bear-fakeout which happened before we had this strong-up-move to the high at 0.34681. The fractal providing first the faster moving line crossing the slower moving line down and then rapidly to the upside providing a fake-out which served as an exact indicator for the trend-change to the upside. Exactly that same fractal is happening now which can be the next confirmation of the fractal signaling a continuation to the upside. Now puzzling all these signs together we can expect ripple to decide the next days where it is going with the overall trend and if it is confirming greatly to the upside or falling back again to the downside. When ripple manages with the current possibility given to confirm to the upside it needs to trade with a close above the blue resistance level you can see in my chart also it needs some good volatility and a clear break when this scenario should happen, if it happens I see a high probability for a continuation to the Fibonacci-resistance at 0.23041 you can see marked in my chart with the grey line. Otherwise, when ripple does not serve to come above the resistance we can contemplate ripple to visit the underlying support level you see in the chart marked with the green box. When this happens we need to look forward if ripple confirms this range of stable support or show more decline to the downside. The current situation is a situation in which ripple has to decide where it is going and therefore we have to wait and then spot the reversal or continuation by when it is happening and take the needed action to trade the opportunity resulting from the confirmed scenario therefore trade ripple in the right direction. We currently cant say that this or that scenario will happen for sure and that ripple will hit the moon soon or fall to nearly-zero, that is mere speculation we see at mass today and has nothing to do with elevated market-decision-making. The only thing a wise and motivated trader should do is to keep patients in the market and keep the logical approach to trade the movements with the highest possibility for a profit. Sometimes it is waiting time and now we need ripple to show us the right price-action which will be confirmed as mentioned. Thanks for watching the analysis, feel free to support my friends, have a good rest of the weekend. Success comes from elevated concentration on the projected goals FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
15
Ethereum Moving Faster Than Bitcoin, Correction Awaiting?!Hi my friends, hopefully, everybody of you is doing well in these volatile times we are facing today and welcome to this update-analysis about ETHEREUMS price-action, we are looking at the daily chart and as I told you in recent analysis about ETHEREUM the possibility is given that we are approach higher from the 78.6 % retracement to the 61.8 %Fibonacci-resistance this is exactly the scenario which occurred the last days, I highly recommend that you watch this analysis and will add the chart here so you have a full-overview about my concern for the ETHEREUM price-movement: For now, we have a similar situation as seen before but there are some details which remain different, we are approaching the 61.8 % Fibonacci-resistance which is a highly important resistance for the further outcome of ETHEREUM, for now, it is more important than the 78.6 % Fibonacci-resistance. As you can see in the chart before we approached the 78.6 % Fibonacci-resistance and after that higher, we had a healthy correction which holds for some days before catapulting ETHEREUM above the resistance. At the moment I am expecting an equal correction but stronger as you can see it marked in the chart in the meaningful equilibrium range. At the moment the correction is the more likely and possible scenario than an immediate continuation of the bullish trend. When the less likely scenario happens otherwise and the trend continues immediately we have the next important resistance between 218 and 237 as you can see it in the chart but for now, that scenario is not highly possible because the price weakens at the moment and we have significant resistance-levels above us. After the correction occurred we can talk about a possible continuation of the bullish trend, what is important in this scenario is that we remain in the equilibrium range because when we fall below the 78.6 % Fibonacci that would not only cause an important break of resistance but also a shift from neutral to bearish. Therefore we have to keep this scenario in mind and look for more signs after the correction occurred. Great this should give you a good overview of ETHEREUMS current price-action, thanks for watching, feel free to support, all the best and have a good day! The ambition to transform opportunities into gold remains the most significant tool for a trader! In this manner FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:ETHUSD
by VincePrince
3
Major Resistance After rejecting off the L1 ( white line ) in the second week of January @48k my next target by default is the L2 ( red line ) @30k by the end of Q2 or beginning of Q3. These support & resistance levels are calculated using my proprietary tool called LifeLines. Think of them as moving averages on steroids. I doubt that this happens but in the case that we close the month of February above 48k then I will be waiting for a closure below again before entering another position. In other words I am very confident that we will see a greater pullback before continuing the greater trend to the upside. Stop loss @49k
BNC:BLXShort
by TheBossssss
3
BITCOIN - Latest Price Target Revealed - Video Coming Soon...Based on my recent research and analysis, I anticipate Bitcoin to attain a remarkable milestone of $289,000 during this bullish phase. However, while this figure is indeed impressive, other cryptocurrencies may yield even higher percentage gains. Yet, the crucial query remains: what unfolds once we reach this pinnacle? Stay tuned as I plan to release a comprehensive video addressing this topic in the upcoming days. Every content shared on this channel adheres strictly to the AriasWave methodology, a distinct and highly accurate approach diverging from the traditional Elliott Waves technique. This methodology, refined over nearly a decade, is now yielding increasingly precise results, with a singular objective: maximizing profits while simultaneously educating a broader audience. As its effectiveness becomes evident, the ultimate aim is to empower as many individuals as possible with its insights, fostering financial success and knowledge dissemination.
Long
by AriasWave
BTC/USD - MAJOR BREAKOUT. 69k NEXT or ATH! Bias: Bullish Key support: 48k Key resistance: 58k, 69k (ATH) Bitcoin broke above 50k and made a new high in 2024! In the process, it turned the resistance at 48k into a key support after a successful re-test last night. Next targets are 58k and 69k ,with the latter being the ATH. This price action is making even the most optimist bull look conservative. Bitcoin is less than a 40% pump from ATH and we barely entered the second month of the year! At this rate, BTC can easily break ATH levels BEFORE the halving in April. I don't know how this year will end, but so far it has exceeded my expectations. Part of the reason for this performance can be credited to the ETFs that have been buying over $500 mil in BTC per DAY! Only yesterday, ETFs dropped $630 mil into BTC. The price action is not shy to show this. In my opinion, the resistance at 58k is not that relevant. All eyes are now on the ATH target at 69k. Historically, that will lead to a pullback as trades will take profit around that level. Exciting moments in the market! Hit a follow on for more TA updates. Thanks for reading and leave a comment below. Duo
COINBASE:BTCUSDLong
by DU09
6
BITCOIN $BTCUSD - Nov. 20th, 2023BUY/LONG ZONE (GREEN): $35550 - $49240 DO NOT TRADE/DNT ZONE (WHITE): $30320 - $35550 No sell/short zone shown. The market has a clear bullish sentiment and I would not look to enter shorts here. I've drawn the levels and zones (from the daily and weekly frames) that I would look towards when entering. Price reaction to these areas would be significant in determining the trend. Recently BTC has shown strong bullish momentum in respect to the most recent level/zone break. The current test on the next level is the third one in less than two weeks. Although there is resistance to the level, there have been no large structural breakdowns and entering into the third test we see support on the 4H level combined with an ascending triangle. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello
1
Update: BTC near Golden Crosses & ResistanceBitcoin is very near golden crosses of its 50/200 MA (dotted lines) and EMA (solid). It is also just below resistance. If it is going to get a re-test near wedge top, where it broke out (green wedge), or near the 50 MA or EMA, it'll happen soon. It could just run to ~26 and ~30k, get those golden crosses, get above resistance and head towards double-top targets, but a re=test near top of wedge could lead to an inverted head/shoulders formation that would give us higher targets above resistance, near ~33-37k and provide a new buying opportunity that takes us closer to next halving and lead to a higher high, possibly even a new ATH. Inverted HS might look something like this: Related chart ideas linked below.
INDEX:BTCUSD
by dudebruhwhoa
3
BITCOIN to 40k or 69k?Bitcoin (BTCUSD) has been trading within a long-term Channel Up pattern since the November 21 2022 market bottom. The price broke today above the psychological level of $50000 and is about to touch that very top (Higher Highs trend-line) of the Channel Up. As the 1D RSI broke above its 4-month Lower Highs trend-line and is largely overbought near 80.00, this technically resembles the same break-out of June 23 2023. As a result, as long as the 1D candles close within the Channel Up, BTC could pull-back to a 'fair' value near $40000 and the 1D MA200 (orange trend-line) above the 0.382 Fibonacci retracement level. Time-wise it would be ideal to reach that level before April's Halving and start attracting long-term buying interest then. If however a 1D or even better, a 1W candle closes above the Channel Up, we will turn again largely bullish on the medium-term break-out as we can see an price action resembling the short-term Channel Up that started on October 24 2023 that paved the way for the December 08 2023 High. That High was on a +79.77% rise from the September 11 2023 Low, the last technical Higher Low of the Channel Up. A new +79.77% run from the recent January 23 2024 Low would peak marginally above $69000, which in that case will be our Target. Which scenario do you think is more likely to prevail now? 40k or 69k? 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:BTCUSD
by TradingShot
9
Bitcoin's Next Huge Move: Must watch! 🐉🎆 Bitcoin's Monumental Path in the Year of the Wood Dragon 🚀💹 🎊 Celebrating New Beginnings Hi everyone! As we delve into Bitcoin's current trajectory, let's not forget to extend a warm Happy New Year to our friends in Asia celebrating the year of the wood dragon. This occasion isn't just about cultural festivities; it's a beacon for significant shifts in the crypto landscape. Drawing inspiration from the wood dragon's favor towards the rooster, we're navigating through the intertwined dynamics of political landscapes and market directions. 📈 A Look Back at Prophecy Fulfilled Reflecting on the prophecy I shared back in January 2023, during times rife with fear, uncertainty, and doubt (FUD), we highlighted a pivotal breakout pattern for Bitcoin. This "one, two, three" sequence has proven its mettle, reinforcing the forward-looking essence of the market. Amidst skepticism surrounding Bitcoin's valuation, our analysis foresaw the normalization of CPI and an amelioration in inflation rates, painting a bullish scenario for Bitcoin. The journey since has been nothing short of remarkable, affirming the resilience and prescience of our forecasts. 🌐 Navigating the Current Landscape In the recent unfolding of events, Bitcoin encountered a notable setback following ETF approval, set against a backdrop of geopolitical strife and regulatory tumult. The Bitcoin community's response to actions from figures like Biden and the SEC paints a complex picture of the challenges and influences at play. 🔍 Technical Analysis: Anticipating the Next Big Move Our technical dive reveals an impending third test of a critical resistance level, as denoted by the "one, two, three" pattern. Despite a straightforward approach to charting, the precision and effectiveness of our predictions stand strong, with Bitcoin facing the anticipated rejections and gearing up for a pivotal next phase. 📊 Forward-Looking Projections Looking forward, the possibility of Bitcoin revisiting lower support levels cannot be overlooked, emphasizing the need for strategic positioning and readiness. This analysis not only underscores the importance of historical resistance and support levels but also charts a forward-looking projection for Bitcoin's valuation, harboring an optimistic stance for 2024. 🚀 Conclusion: Embracing the Volatile Journey Ahead As we embark on the volatile yet promising journey through the year of the dragon, the melding of astrology, political dynamics, and market movements presents an enthralling narrative for Bitcoin's path forward. Amidst prevailing uncertainties, our dedication to delivering insightful analysis and strategic foresight remains steadfast, ready to embrace the next chapter in Bitcoin's evolution. One Love, The FXPROFESSOR 💙
by FX_Professor
9
BITCOIN - My Thoughts On The Current Waves...In this concept, I share my viewpoint on the present condition of the waves. It's not a short trade suggestion yet, but rather an observation of what I perceive to be happening. I unmistakably detect a sense of frenzy at the peaks, whether it's through comments or news pieces regarding cryptocurrency. Market behavior consistently mirrors the collective psychology of its participants. While I suspect we might be at or nearing a peak, further confirmation is needed through the breach of a couple more key levels. A drop below $47,643 and $46,792 should offer the initial indications required. Additionally, I delve into the broader pattern and its defining characteristics.
by AriasWave
1
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Hi. ➡️ As you can see, Bitcoin is completed this pattern, and if it follows this pattern Price can grow a lot. 🟡 Summery: -btcT has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pattern is Visible on The chart! -The pattern is broken -AB=CD - On the way to 45k 🤑 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️ Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
3
Bitcoin: Elevated Risk For Longs.Bitcoin is now pushing into the 50K AREA resistance zone while presenting a potential momentum continuation pattern (inside bar). A break of the inside bar high can lead to a test of 50K and possibly higher. The zone between 50 and 51K (blue rectangle on chart) is a high probability bearish reversal zone which means unattractive place for new longs, especially for larger time frame investors. Strategies that make the most sense in terms of risk right now are day and swing trades with low expectations on the long side. Stop placing so much weight on what you can SEE, think more about what you CAN'T SEE which is the potential RISK. The further price stretches into the reversal zone, the greater the risk of reversal. The blue line illustration on the chart is the scenario that I anticipate over the coming week or two. Again it is important to understand that markets are highly random and that there is NO way to know the future. The market can present us numerous scenarios and we want to be prepared for a narrow range of scenarios that are more likely to appear. The key to acting on this is CONFIRMATION from the price action. Right now, all we have is an inside bar developing that is often a momentum continuation pattern. If the high is taken out, that is a signal to go long, BUT if the low is taken out, that could be the beginning of a broader retrace back to the 44, 45K area. Also I wanted to mention that B waves (which this still might be), can produce a higher high while confusing many into thinking the market is breaking out. WATCH carefully for the fake out in this situation. It often looks like a bearish pin bar (judge only on the close). My goal here is NOT to scare people out of participating, it is to make you AWARE of the risk. It is usually at these points where people can no longer handle the fear of missing out and buy the top. While there is never a "bad" time to invest, you can control the risk you take by knowing how to effectively categorize price points. I will cover this topic more during my Monday stream. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
10