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Bitcoin-trading

Bitcoin retested its all-time high (ATH)Bitcoin retested its all-time high (ATH) area near $73,777 last night but faced a rejection, resulting in a slight retracement to its current trading level around $71,900. This price action is a pivotal point, as a successful retest of the ATH could either: Break Through – capturing short sellers' stop losses above this level and potentially flipping the ATH area from resistance into new support. This could allow Bitcoin to push higher, continuing its upward momentum. Reject and Retrace – if the ATH level holds as resistance, we may see a pullback to lower support zones before the next move. Given Bitcoin's proximity to this critical level, traders should monitor the reaction closely, as a sustained breakout could signal strength in the overall market, whereas a rejection may indicate more consolidation ahead.
by Richtv_official
JASMY AT A PERFECT ENTRY POINT FOR A LONG POSITION! TRADE PLANTechnical Analysis by Blaž Fabjan Pattern Identification: The chart displays a falling wedge pattern , a bullish reversal pattern often signifying a potential trend change from bearish to bullish. The price action is currently testing the upper boundary of the wedge pattern, indicating that a breakout could be imminent if there’s sufficient buying momentum. Support and Resistance: Support Line: The lower green line in the falling wedge acts as support. This line has been consistently respected, indicating strong buying interest at those levels. Resistance Line: The upper green line marks the resistance level within the pattern. A breakout above this line would be considered a strong bullish signal. Volume Analysis: There’s a noticeable decrease in volume within the wedge, which aligns with typical falling wedge characteristics. Look for a volume increase on a breakout to confirm the move. Indicators: VMC Cipher: Divergences and buy signals have been detected, showing signs of potential momentum shifts. RSI: At around 41.07, the RSI is approaching the neutral zone (50), suggesting the potential for further upside if it breaks above 50. Stochastic: Currently around 60.48, indicating upward momentum and possibly further bullish action if it continues moving up. HMA+ Histogram: Showing minor bullish signals that could align with a breakout confirmation. Entry Signal: The wedge breakout zone is highlighted as an “Amazing Entry Point.” The suggested entry is around the resistance line in the pattern, currently close to $0.01743. Trading Plan Entry: Enter a long position once JASMY/USDT breaks and closes above the falling wedge resistance line with increased volume. This would be near or slightly above the $0.0175 level, depending on price action confirmation. Stop Loss: Place a stop loss slightly below the wedge’s recent support level or just below the most recent swing low at around $0.016 to mitigate risk. Take Profit Levels: First Take Profit (TP1): Set around the recent swing high near $0.019. Second Take Profit (TP2): For a more extended target, aim around $0.0205, where the price previously found resistance. Final Take Profit (TP3): Around $0.022, aligning with previous higher resistance levels. Risk Management: Calculate position size to risk no more than 1-2% of your trading account per trade. Monitor volume closely, as a breakout with low volume may indicate a false breakout, in which case exiting the trade early could be advisable. Alternative Scenario: If the price fails to break the resistance and moves back within the wedge, refrain from entering. In this case, wait for a possible retest of the support level around $0.016 as a secondary entry point. Summary Pattern: Falling Wedge (Bullish). Buy Zone: Above $0.0175, confirmed with volume. Stop Loss: Below $0.016. Take Profit Targets: $0.019 (TP1), $0.0205 (TP2), $0.022 (TP3). btw: VERY GOOD ENTRY POINT AT THE MOMENT!
Long
by elfabiiani
1
BTC Bitcoin Brief Rise, But Correction LoomsIf you haven`t sold the top on Bitcoin: Now you need to know that as the Federal Reserve's highly anticipated rate cut approaches, the market is bracing for potential volatility, and Bitcoin could be no exception. While many expect a modest 25 basis point cut, a more aggressive 50 basis point reduction is also on the table. This larger-than-expected move could trigger a “buy the rumor, sell the news” scenario, affecting not only traditional assets like the S&P 500 (SPY) and Nasdaq 100 (QQQ) but also risk assets like Bitcoin. Initially, Bitcoin may see a slight uptick in price at the beginning of next week. This short-term rise could be fueled by optimism and increased demand for alternative assets as the market digests the Fed's decision. Bitcoin has historically benefited from periods of loose monetary policy, and in the immediate aftermath of the rate cut, it might experience some buying pressure. However, this rally could be short-lived. With broader markets such as SPY and QQQ expected to correct following the Fed decision, Bitcoin is likely to follow suit. Given its high correlation with risk-on assets during periods of market stress, Bitcoin may see a sharp pullback as traditional equity markets start to sell off. Traders could also unwind their positions in Bitcoin alongside stocks, leading to a broader market correction in both traditional and crypto assets. In the short term, a Fed rate cut that exceeds expectations might signal concerns about the underlying economy, leading to heightened volatility across the board. As risk appetite wanes, Bitcoin's upward momentum could quickly reverse, aligning with the expected correction in SPY and QQQ.
by TopgOptions
BTC/USDT IS BITCOIN READY FOR A NEW HIGH TO 74KBTC did a great increase from the bottom trend to around 68K as we also made an update about it from the bottom 53k. 68K is an important key level.. the next confirmation is important for the 74K trend BTC should hold the 65K for a healthy trend. if the trends get confirmed we could see soon 74K. BTC can take time before entering the end target. we will follow the trend to see if there are confirmations. New updates will come by this chart link. This update is not trading advice. Trading and investing can be risky.
Long
by SatochiTrader
18
THIS BTC CONFIRMATION CAN GET BTC TO 75KBTC looks interesting over the next time frames and it can show more increase. That's why we're keeping an eye on Bitcoin at this moment. $68540 is a key confirmation zone. this level has already a confirmed, there's a high chance it could reach $75K - in the long term, and hype times can make the coin to the target faster. Remember, there are no guarantees in the market. Always follow a consistent system based on your strategies and analysis. Good times, everyone. This update is not trading or financial advice.
Long
by SatochiTrader
1
GOLD/USD - Descending Triangle ( Bullish or Bearish Outcome) Good morning Traders ☕️ As we saw with the BTC/USD and Forex market the same counts for gold, the market is uncertain. This is due to war, inflation and some other factors slowing the bulls down. GOLD is no exception to this, we could potentially see either a bullish or bearish out break coming very soon. This break out will hopefully be upwards and this could spark a run to all time hime high on both gold and bitcoin. Regardless I will be on the charts within these uncertain times, and I advise everyone to stay on the charts when they trade. It is imperative that you allow yourself to see shifts in the market. Best of luck with your trading journey ❤️ and remember to follow the big 5 rules: 1.) Never enter a trade without a profit target and a stop loss. 2.) Always use multiple indicators to confirm a trade. 3.) Don't be greedy. 4.) If you lose take the day off and come back tomorrow. 5.) Do your own due diligence and analysis (market, technical and fundamental)
TVC:GOLD
by ghostysellsdonkeys
Bitcoin-Post-Halving-Cycle-Price-AnalysisHello, Traders Investors And Community, welcome to this update-analysis about the post-halving situation facing bitcoin in the short-to-middle-term at the moment and what we can expect the next hours and days. The third bitcoin halving has now contributed successfully and how I pointed out in past analysis every time after the halving emerged we saw a smaller to bigger dip within bitcoins price-action, this dip hasn't come so far now after the third halving, this can indicate a possible dip scenario which is playing together with the rising wedge that I detected within the price-action. These two factors together with the strong resistance playing an important role and can affect bitcoins price-action substantially therefore we are looking at the daily timeframe. Rising-Wedge-Formation: The rising wedge you can see in my chart marked with the light-blue lines shouldn't be kept by side because it is a huge formation which in the most occasion confirms bearish to the downside, there are only a few cases where this bearish confirmation does not play out and the formation confirms bullish to the upside. Technically we will see a confirmation of this rising wedge when bitcoin confirms bearish at the strong resistance/support level you can see in my chart marked in blue between the 10230 and 10600 level, after a break of the lower boundary the formation is confirmed and possible to enter a trade on the short-side to aim for the target zone you can see marked in the chart. Strong Resistance/Support: The psychological resistance we have here at the 10.000 to 10.600 USD is such a significant resistance at the moment where bitcoin confirmed several times to the downside that it is really not a minor level and should be kept in mind as a leading origin of bearish pressure to the downside. As you can see we bounced at this range already several times to the downside now in the third attempt to break over this string resistance, what will change this dynamic is a clear close above the 10.600 USD level with good volatility, this will invalidate the resistance and confirm it as support but as for now it must be contemplated as resistance and currently playing coherently together with the rising-wedge-formation. Post Halving: As I mentioned in past analysis about the halving-cycles which can be the starting point of the third halving cycle now is that we had an initial dip within the first times of the post halving due to supply entering the market, therefore we have this current post-halving situation which is playing logically to the rising-wedge-formation and the strong resistance/support we have in this structure. In this case, we have a high probability to see an price-dip before contemplating a possible bullish confirmation in the long-run and longer timeframes, I already mentioned other parts of the mechanism in a past analysis which I recommend you to see when going on my account and look at the analysis. Taking all these three important leading technical factors into consideration we can assume that bitcoin has a potential dip insight when the rising wedge we have in the structure confirms properly and as it is a high possibility at the moment this scenario should definitely be kept in mind to be prepared when it happens. This breakout to the downside can be traded very well conservatively on the short-side after price has confirmed the lower boundary of the wedge. Remember that the breakout needs to fulfill with the right volatility to the downside and not mere low-volatility piercing the line. After this possible scenario has played out we need to elevate how bitcoin develops and if we get a reversal and continuation to the upside in the structure. In this manner, thank you everybody for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
24
Bitcoin, Here Is Why The Bear-Market Could Be Over Already!Hello, Traders Investors And Community and welcome to this analysis about bitcoins current price-formation and what we can expect the next time. It is true that bitcoin is still struggling at a historical level which is the 10.000 USD psychological mark which was already the origin of high volatility within the past, in this case, it needs to be remembered and kept in mind if this actual resistance mark confirms as resistance as it has done in the recent year or if bitcoin manages to provide a paradigm shift which turns out bullish, in the price-chart I found some fundamental significant signs which are important to look at in the current market environment, I already done a more short-time approach which I recommend you to watch when going at my account, as for now to have a full-multi-overview we are also looking at the weekly timeframe. When looking at the current situation facing bitcoin we can notice that bitcoin is still trading within this huge and massive triangle which had its origins in the 2017 all-time-high, you can see the upper and lower boundary of this important triangle marked in my chart with the blue trend-lines. It is an underlying fact that these triangles the longer they are established showing a heavy and volatile breakout either to the up or downside. These breakouts can happen within smaller timeframes or also higher timeframes and it is within the high possible spectrum that we see such a breakout in this case also because the bitcoin price is consolidating in a wide range till months and years, the question now is either it confirms bullish or bearish and in this conclusion, it needs to be marked that there are some important signs which playing within the bullish scenario. As you notice when looking at my chart, before the bull-market in 2018 started bitcoin formed a bottom below the 200-EMA which turned out to be the actual accumulation before the bull market started, you can see this accumulation-phase and coherent bottom marked with the orange triangle in my chart, ater this we had a bull-bear transition phase which first tested the 100-EMA with high volatility and after that fully confirmed the bull market which had its top at the middle line of the huge uprising channel you can see marked in my chart. Actually we had the exact same fractal developed after the corona-breakdown with its low in March, as you can see in my chart bitcoin provided the similar accumulation triangle below the 200-EMA and after that the bull-bear transition and finally its confirmation above the 100-EMA. Now as this signal was so strong and provided the high which tested the middle line of the huge channel we can expect bitcoin to test the high established in the bull-market before a second time now this, however, needs to confirm with a clear close above the 10.000 USD level before that does not happen technically speaking the 10.000 USD level is still a massive resistance which can drag the price to the downside. Taking all these considerations together we can come to the conclusion that the bullish scenario is more possible at the moment than the bearish as I already mentioned in past analysis although there are still many bearish factors there is a higher probability for the bullish breakout which will increase when we move some higher in the current local resistance. In either case, it will be interesting how bitcoin turns out to go ahead further, many people these days calling for the complete bottom or moon, but this, however, is at the moment a mere speculative approach and we first have to wait for the proper confirmation before making this conclusion as it is highly important in these volatile market-environments we are facing today not only in the stock-market but also in the cryptocurrency-space to keep patient and wait on the right confirmational-scenarios before placing the trade as to rush in the markets as there is no tomorrow. It will be highly interesting to see how bitcoin develops the next time and if the bear-market is already over as mentioned and seen in 2018 with a similar fractal confirming now. In this manner, thank you for watching the analysis, support for more market insight, you can also subscribe to social media, all the best, and have a good week! The ambition to transform opportunity into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
54
Bitcoin, Extreme Volatility, Smart Money Covering Positions!Hello, Traders Investors And Community, welcome to this analysis about the current events happened in bitcoin and what we can expect the next time in price-action. Yesterday bitcoin showed massive volatility with an exceptionally unnatural move to the downside, was it all normal market-movement or smart-money taking advantage of the situation like several times seen in the past? This fundamental and exaggerated bearish move to the downside shouldn't be ignored and the overall mechanism catapulted bitcoin into a critical condition where it can show further continuation when it can't manage to stabilize in the range, therefore we are looking at the 4-hour timeframe. As you can see in my chart bitcoin just fell below the important uprising-resistance-level from its past uptrend, this was an important trendline that holds the whole price to the upside in the local timeframe, as it is now broken it shows and important bearish signal to the downside. For now the price seems to stabilize but that can just be the next consolidation to setup for another leg down similar to the consolidation seen before, therefore you see the important support which needs to behold marked in orange for a significant sustain, when we break this level to the downside it will provide massive bearish pressure to the downside. The next time we can expect bitcoin to test remaining resistance levels in the current structure as we have support at the 100-EMA which you can see marked in blue, from here bitcoin sets up to test some higher levels but as there is still plenty of resistance it is more likely that we will fall back again in the range. In my chart you can see the resistance we have here at the 50 % Fibonacci Resistance and also with the logical resistance we formed in past price action, there this range is building a coherent resistance cluster which will confirm likely when the price has touched this range. I would be patient for opening an aggressive short here, the best option will be to wait after the bearish scenario has clearly confirmed. For further continuation to the upside, bitcoin needs to hold the current range and do not fall below the 9100 otherwise this will cause further increase of bearish pressure. What we need to keep in mind now is that the whole structure and the unnatural movement to the downside can be a big bear-trap trapping trader in there positions before moving higher upward, therefore we need to see more information and as soon as we do not get a serious price-stabilization and confirmation to the upside the bearish scenario remains within the high possible spectrum here. In this case traders should be prepared for this situation and take advantage of opportunities arising when it happens to confirm like mentioned. In this manner, thanks for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
102
Bitcoin, Confirmed About Key Flag, The Condition Has Altered!Hello Traders Investors And Communtiy, welcome to this update-analysis about recent events happening within bitcoins current price-structure. As I mentioned in past analysis bitcoin was moving in an important possible bullish bull flag which could still fail but needed to confirm up for the proper verification, exactly this scenario played out right now and bitcoin firstly tested the remaining resistance which I pointed out we have in the structure, this shows just one more time that technical analysis is an empirical science which can work well in today's markets, where many people keeping ignorant and remain in the speculative sphere especially in the fundamental analysis spectrum like the academic economy sciences which disregard the importance of technical analysis we should look at markets not only with a constitutive curious perspective but also with the proper technical approach, therefore, we are looking at the daily timeframe. As you can examine in my chart bitcoin saw some exaggerated volatility the last time which just catapulted bitcoin above the bull-flag which I mentioned in the previous analysis, this bull-flag is now firstly confirmed to the upside with a healthy volatile move running into the remaining resistance and testing it. Because this level at 10500 is still an huger resistance which confirmed several times to the downside it is within the likelihood spectrum that we will get a pullback here but this will play into the bull-flag scenario to confirm the upper boundary of the bull-flag properly, which will give completely the next in completing the formation, when this happens and we get an up bounce from there we need to take out the still serious resistance at 10500 to activate the foremost-bull-flag-target you can see in my chart. At the moment this does not look like a fake breakout because the volatility held the price above the channel but for a full confirmation we need to confirm the upper boundary. Originated Idea According This Subject In Bitcoin (Daily Timeframe): Overall we have some good signs not only on the daily timeframe perspective but also on the 4-hour timeframe and the weekly timeframe which I mentioned recently, on the weekly timefram we took the falling resistance out which is a good sign at all. Now we are completing one more step to see the same signals which can lead bitcoin to a continuation also in the weekly timeframe which is very important. At all the current situation has a more bullish shape than bearish but there remains a little possiblity that the breakout we have seen is actually a fake breakout, this is when we see the bull-flag not confirming tightly a second time but fall back into the channel and see more bearish pressure signs, although it is not the most likely scenario for now this should kept in mind. Remember that the markets are full of possiblities and smart traders should carefully wage this possibilites out to make decisions which fitting best into the market situation to take the proper right action within the highest possible scenarios. This means to elevate oneself above hte mere speculative gambling approach and see the markets as a whole living organism with its twists and turns not only at the technical sides. In this manner, thanks for watching, support for more market insight, have a good day and all the best! Every great advance of scrutiny in study has issued from a new audacity of imagination. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
20