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BTC Bitcoin Potential ETF approval this week Some of the biggest asset managers on the entire planet are going to release a BTC ETF: Blackrock $9.3 Trillion Fidelity $4.5 Trillion Franklin Templeton $1.53 trillion Invesco $1.5 Trillion. BlackRock expects Bitcoin ETF approval on Wednesday, in-line with Bloomberg's January 10 deadline. I expect the approval to a buy the rumor, sell the news event. Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically resulting in a profit. However, a retracement, probably to FWB:36K , would be a buying opportunity for a year-end rally, in my opinion.
by TopgOptions
1
Bitcoin Spike on DailyOne of my primary technical analysis trading tools is that of False Breakouts or as I identify them; Spikes . I have found that when prices moves quickly in one direction only to return in the opposite direction within the same or following candle this indicates a potential reversal with a high probability. The corollary to this concept is that if price does then break that "spike" bar the trend can be confirmed. The Spike I have been watching the price action of Bitcoin exceptionally close over the last few weeks as the 2023 bullish trend approached and has stubbornly held a major Resistance. On the first US market open trading day of 2024 Bitcoin made a push to break the recent consolidation. However, the following day Bitcoin price reacted with a nearly -10% drop. Such a daily move is not uncommon in Bitcoin but where and when it happened is significant. I operate under the logical thesis that if something is bullish... it should GO. There should be no such major rejections if the trend is strong. To have such a sudden rejection qualifies as a "Spike" and I created an indicator that identifies these for me to filter out the noise. That is exactly what happened at this point and place in Bitcoin price action. This spike bolsters my conviction that the 2023 bull trend of Bitcoin has reached its zenith. The Levels If this spike proves to be a bearish reversal then the supports I identify based on past price inflation and 50% Retracements are: 35,400 30,700 If price surpasses the high of this week significantly the next level of Resistance is the March 2022 high of 48,200: Expressing the Trade Contrary to popular memes there exists already Bitcoin based ETFs. Rather than deal with the theta decay aspect of options the symbol AMEX:BITI is the SHORT Bitcoin ETF. The price action is distorted but it also exhibited the Daily Spike price action. This instrument is the one I will use to express bearish trades on Bitcoin going forward. I talk about my Spikes as a trading concept often during my Weekly Livestreams here on Tradingview. You may also follow my last few years of Bitcoin price action analysis in the links below to see how we got here. Trade wisely!
INDEX:BTCUSDShort
by norok
6
BITCOIN - Boom! 265% Gains! ✅We sent 2 massive trade setups for Bitcoin along with many updates in between. In total, we've gained over 265% raw gain. We're working within the framework of a 535 zigzag correction. We're anticipating wave B to be complete soon and then a big drop for Wave C. Please note this is from a technical analysis standpoint and we haven't taken into account fundamentals. The way we view the market is through the lens that fundamental news act as a catalyst for technical analysis. Trade Idea: - Watch for wave B completion - Look for rejection and bearish confirmations such as trendline break, BOS to confirm Wave C has started - Enter with stops above Wave B completion - Targets: 25k, 15k, taper Goodluck and as always, trade safe! See below for our previous setups:
INDEX:BTCUSD
by WicktatorFX
13
Bitcoin will continue to crash to 36 600Bitcoin is really bearish at this moment. We have had a massive crash recently, and this is not looking good. My technical analysis suggests that we have completed the impulse wave (3) and are in a corrective phase wave (4). This corrective phase should end at 36 600 USDT, and then I am expecting another pump to reach 48 500 USDT. On the chart, you can see a symmetrical triangle, and the price went above it; unfortunately, it was a false breakout / fakeout. Usually, what happens after such an event is that prices reverse and go in the opposite direction. Triangles are usually marketed as wave (4) from the Elliott Wave perspective. 36,600 is a strong support because it is in the middle of the previous consolidation. Also, this is the first major swing low, right before the previous pump. There is definitely a lot of liquidity, which is a magnet for whales. Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Short
by Xanrox
3
BITCOIN Is a potential ETF approval already priced in?It has been almost 3 months since Cointelegraph's fake ETF approval tweet (October 16 2023), which was basically the start of a medium-term mid-Cycle parabolic rally for Bitcoin (BTCUSD) that saw it grow by +69.10% this week. Yesterday we got the first serious signs of exhaustion as the 1D candle made contact with the 1D MA50 (blue trend-line) for the first time since October 12 2023. That was also at the bottom (Higher Lows trend-line) of the long-term Channel Up pattern. Both (1D MA50 and Channel Up) held, which keeps the trend bullish for now. ** Is the ETF priced in ahead of SEC? ** Only days before the Securities and Exchange Commission's (SEC) deadline regarding its decision, the real question is, has a potential Bitcoin ETF approval already priced in on this enormous mid-Cycle rally? ** Buy the rumor, sell the news? ** Indeed that was a significant move, especially considering the fact that it took place months before the next Halving (number 4, expected this April), which is the fundamentals event that provides a supply shock in the market. Nobody knows for sure how the market will react to a potential ETF approval next week but we have seen the old 'Buy the rumor, sell the news' approach one too many times happening in situations like this. ** Next Halving is the benchmark ** It wouldn't be surprising to see a correction towards April's Halving and then accumulation towards the Bull Cycle's 1 year rally. Purely from a technical point of view, which is the only hard data we have at hand to work with, a 1D MA50/ Channel Down break downwards can start a technical correction towards the lower Fibonacci retracement levels and the long-term Moving Averages. ** Fibonacci targets and the 1W MA50 ** The first level to test would be the 0.382 Fibonacci around 37500 and then the 0.5 Fib around 35350. If the correction takes place gradually in a controlled manner and not aggressively, we can see a 1D MA200 (orange trend-line) contact by then. A more aggressive possibility can see BTC test the 0.618 Fib and the 1W MA50 (red trend-line) a little lower, which is the natural long-term Support during Bull Cycles and is currently intact (the 1W MA50) since March 13 2023. ** Bearish Divergence ** In addition to the above technical realities, we shouldn't ignore the 1D RSI, which has been on Lower Highs since October 25 2023, i.e. peaked 9 days after Cointelegraph's fake ETF tweet, trading within a Falling Wedge pattern, which with regards to the price's Channel Up, is a Bearish Divergence. But what do you think? Is a potential ETF approval already priced in, and if yes how low do you expect the price to fall? 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
10
#BTC 2024 Bull Run | Halvening PatternTLDR: WITH CONFIDENCE, Buy the double bottom of wave 2 ($13.8k / late 2023) before 2024 halvening. This is my strongest & fairest case for BTC. Were in a ABC correction from a Super Cycle Wave 5, an Elliot Wave 5, and forming a NEW GRAND SUPER CYCLE for BTC - 14/15 has touched the previous ATH WICK (wick2wick) after Wave 5 ABC Correction. - BTC Candle Body has NEVER touched the previous ATH - BTC Wick Bottoms HAVE TOUCHED ATH Wick Tops. (wick2wick) in 14/15 IF, BTC Candle bodies can touch the previous ATH, THIS CHART IS INVALID! Good luck Holders.
INDEX:BTCUSDLong
by XRP-Jonny
Happy New Year with BITCOIN breaking 45k!First and foremost allow me to wish everyone here in the TradingView community a Happy New Year and a prosperous 2024! What a better way to start the year than Bitcoin (BTCUSD) breaking above 45000 mark, a level it last visited on April 06 2022. Every Cycle can be seen trading within a Megaphone pattern with the parabolic rally illustrated by the dotted curves. Note that every time the price breaks above the 1W MA50 (blue trend-line), it holds it as Support (exception of course was the COVID crash). The 1W MA50 is now 30000, which means that technically any pull-back/ correction that takes place until the peak of this Cycle, shouldn't break below this level and practically dip buyers have a benchmark to work with. But what do you think? Are we about to witness an even more aggressive part of this new rally? 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
9
24 Full Days Behind $45000 Resistance Walls!! Hello friends, It's been 24 days now that CRYPTOCAP:BTC is trapped behind the $45,000-$47,000 resistance zone, and the crypto market is still in fear and hope due to the rejection or approval of spot Bitcoin ETFs. The event provided a suitable opportunity for the growth of altcoins and caused some of them to recover some of the huge losses they suffered during the bear market. The possible scenarios are still rising to $47,000 or falling to $34,800, which as I wrote before, in both cases, there is a possibility of CRYPTOCAP:BTC hitting the uptrend support line. Also, the RSI index, which after reaching 83, has now fallen to 74, and with the possible correction of CRYPTOCAP:BTC , it can fall even more. In any case, considering that we have seen massive sales & purchases in recent weeks and months and there are many speculations about the market's reaction to the rejection or approval of Bitcoin Spot ETFs, contrary to what the general public thinks, it is possible that we have seen only a small bull market, and then with the possible fall of CRYPTOCAP:BTC below the uptrend support line, the market will return to bearish conditions. Also, considering that it has been a long time since whales funds and smart money flowed from Bitcoin to altcoins, it can be expected that soon we will finally see the choice of a new path for Bitcoin. As always this is not a financial advice & please do your own research. It is also better to save profit in this situation and avoid greed. Then, with the determination of the new direction of Bitcoin and the crypto market, make new decisions. "Support" & "Follow" if you want to see more of these ideas. Goodluck
by BJWiseReal
2
BITCOIN The Ultimate Pitchfan Cycle AnalysisBitcoin (BTCUSD) has seen a significant mid-Cycle growth in the past 2 months, approaching the pivotal 50k level. Technically a break above the 48.5k Resistance, constitutes the beginning of the Parabolic Phase of the Bull Cycle. There isn't a better way to illustrate this transition than the use of the Pitchfan tool. Rarely used on BTC analysis and even more so on the long-term Cyclical patterns, it displays as you can see a very accurate illustration of the Cycles and specifically the stage we are currently at. Every Resistance break-out usually takes place around the Halving event, which is the fundamental that typically signals the start of the rally to a new All Time High (ATH). The market is only 4 months away from this event and based on this every pull-back to the 1D MA50 is a buy opportunity to Dollar Cost Average (DCA). So what do you think? Do you expect a Bullish Break-out into the new Parabolic Rally soon? 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
9
BITCOIN Will it hit 48k before the New Year?Bitcoin (BTCUSD) is currently testing the 1-month Higher Lows trend-line that has been supporting the price action since the November 22 Low. Even though the 4H MA50 (blue trend-line) has been acting as a Pivot, the 4H MA200 (orange trend-line) has been intact and supporting since October 15 and is right below that Higher Lows trend-line. Technically, the price action from December 08 until now is similar to that between November 09 - November 27. What followed after the (d) wave bottomed on the Higher Lows trend-line was a +21% rally. If the final sequence is repeated as well, we can expect the 48300 March 2022 High to get tested. But what do you think? Will that be the case and if so, do you expect 48k to get hit before January 01 2024? 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
13
Bitcoin H4 | Falling to 61.8% Fibo supportBTC/USD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 41,796.54 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 40,646.63 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Take Profit: 44,745.45 Why we like it: There is a swing-high resistance 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
GOLD - Top and Bottom Caught! What's Next?On the higher timeframe, we appear to be in an ending diagonal. We caught both waves 2 and waves 3 at the very start, resulting in MASSIVE gains both short and long. We are now in the mid section of wave 4. We could go on to create a complex ABC wave for subwave B before moving lower so keep that in mind if trading. Trade Idea: - Watch for lower timeframe trendline break or BOS to indicate signs of reversal - Enter with stops above the current highs - Target: 1975 (700pips), 1920 (1500pips) Bare in mind that after hitting 1975, we could possibly make an ABC correction as indicated on the chart. Goodluck and as always, trade safe! See our previous setups below. Wave 2: Wave 3: Wave 3 Continuation Trade:
OANDA:XAUUSD
by WicktatorFX
15
SOLANA - 400% Gain!Solana has been pushing higher and higher since our Long setup September. We initially thought we'd push up 200% but when a move is this strong, why cut your profits early. Let it run! We are now up by over 400% and still climbing. Once we see price slowing down, we'll be looking to sell Solana. However for now, let's enjoy the ride! We'll be back with a Solana update once price shows signs of reversal. Hope you guys made some money out of this! Happy Holidays!
BINANCE:SOLUSD
by WicktatorFX
2
Bitcoin, some high time frame speculation.If #Bitcoin follow its historical trend, I anticipate a trajectory as follows: The approval of an ETF could propel BTC towards the 0.786 Fibonacci retracement level, approximately at $54,000. This might be succeeded by a retracement to the 0.236 Fibonacci level, situated at around $18,600. Subsequently, a surge to a fresh all-time high is foreseeable, with potential targets at 2.618 (approximately $174,800) or 3.618 (around $240,300).
BNC:BLXLong
by Crypto_ColIector
Elliott Wave Analysis: BTC/USD Festive Season ForecastIntroduction: As we approach the weekend and the joyous Christmas season, a festive atmosphere engulfs the cryptocurrency market, especially the BTC/USD pair. Building on our previous analysis, an Elliott Wave Impulse is expected to guide the market's course during this celebratory period. Elliott Wave Impulse Structure: The Elliott Wave theory suggests that market trends unfold in a five-wave impulse pattern, representing the natural rhythm of investor sentiment. In our BTC/USD analysis, we anticipate a compelling five-wave sequence, with each wave playing a distinctive role in shaping the market's direction. First Wave: The initial wave sets the stage for the festive season, with a strategic entry point identified at $43,910. This wave marks the beginning of the upward momentum, propelled by positive market sentiment and holiday optimism. Second Wave: Following the initial surge, a corrective wave is anticipated, providing an opportunity for adjustments and strategic positioning. The market may experience a brief pullback, presenting an ideal entry point for astute traders. The first take profit target is projected at $44,840 during this phase. Third, Fourth, and Fifth Waves: The subsequent waves will unfold dynamically, each contributing to the festive fervor. The third wave is expected to extend the rally, surpassing previous highs and reinforcing the bullish sentiment. As we progress through the season, the fourth wave may introduce a temporary correction, offering a second opportunity for entry. The grand finale comes with the fifth wave, reaching new heights and culminating in the festive celebration. This wave is expected to carry the market to a peak, creating a jubilant atmosphere for traders and investors alike. Conclusion: In conclusion, the Elliott Wave analysis for the BTC/USD pair sets the stage for a festive celebration in the market. As the waves unfold, from the initial surge to the grand finale, traders are urged to stay attuned to the rhythm and dynamics of each wave for optimal decision-making during the weekend and the Christmas season. May the joy of the festive season extend to the cryptocurrency market, bringing prosperity and positive vibes to BTC/USD traders. Happy trading and Merry Christmas!
COINBASE:BTCUSDLong
by wikitrades
2