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Bitcoin - ALL IN - Tight StopTraders, This is never recommended. For the first time, I have put 100% of my trading portfolio into Bitcoin with a tight stop preceding this supposed BTC ETF approval today. I do believe we are nearing a local top on this 3 month bull run, however, my chart shows that we still have a little room to run. I suspect 48k will be our line of resistance even though we could wick through that to go as high as 52k today. The rest will become a sell the news event IMO. And if the BTC ETFs are not approved, my fairly tight stops should liquidate and take care of salvaging too big of a loss. Entry - 43884 Target - 48237 SL - 42337 RRR - 2.8 LFG!
INDEX:BTCUSDLong
by stewdamus
1
UNDERSTAND THE BITCOIN ETF - PRICE ACTIONHello Family! 10th January of 2023. We are hours away from the Approval, delay or Rejection of the Bitcoin ETF. We need to be careful since the Bitcoin price still needs to confirm the 30-32k area as a SUPPORT. WE've done this in every Bitcoin cycle after we created a BOTTOM structure and going into a RETRACEMENT. We are in the biggest RETRACEMENT levels. This is a critical zone where the price could get rejected and where many expert traders are taking profit from the ACCUMULATION zone (15-25k) So, right now Bitcoin has huge risk of ROI vs potential downside. If you are waiting on a sideline, It would be better to wait for the MACRO correction, or wait if the Bitcoin Dominance starts to fall and liquidy goes into Altcoins. Legendary day. The force be with you.
BITSTAMP:BTCUSD
by xReve
🔥 BTC/USDT - BIG Fall Ahead ? (READ THE CAPTION)By re-examining the Bitcoin chart in the 4-hour time frame, we can see that after an initial correction, the price was able to grow up to the supply range that we specified and corrected to $44370, after that it was again accompanied by demand pressure and was able to A powerful breakout to grow above $47,000!! Soon, we will witness the fall of Bitcoin to fill the FVG in the range of $45,320 to $46,220! The important supply ranges will be $47,700, $48,800 and $49,900 respectively, and the important demand ranges will be $45,500, $44,350, $41,100, $40,200 and $36,600 respectively! Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
Short
by ArmanShabanTrading
2
SEC Manipulates Bitcoin with Fake ETF Approval News-Intentional?Trigger Warning: This video may offend those who are religiously dogmatic in their political affiliations. Do not watch if you prefer not to have your gods critiqued. I had just put out a video earlier this morning warning you all that the SEC and Gary Gensler may pull some tricks out of their hat. A few hours later, the SEC puts out a false tweet, liquidates millions, and claims that their account was compromised for the first time in their X history. Something very much doesn't smell right here folks. But, unfortunately, none of this surprises me. I literally titled another video a few days ago, "Expect the Unexpected". Now, we can see firsthand exactly the type of shenanigans I am referring to in these two previous videos.
INDEX:BTCUSD
by stewdamus
Bitcoin Price Action around the FAKE SEC TweetToday at 4:11 PM EST (UTC-5) the @SECGov Twitter account posted confirmation that Bitcoin ETFs had been approved. Bitcoin price spiked immediately on this news but the following price action is most interesting. The hacker that made the Tweet, presuming the news would create a large, sustained bullish move, likely LOST MONEY on his illicit trade. Tradingview restricts Ideas to 15m or higher so see the 1m chart below: The fake Tweet caused a rise in price up until 4:15. Price then sold off all the way until 4:26 and only began to recover when the SEC regained control of their account and posted an update refuting the claim. What is interesting about this is that within 4 minutes it had become a "sell the news" action. I continue to think that the ETF approval news will in fact be a "sell the news" event when it occurs and this price action gives me some confirmation.
INDEX:BTCUSDShort
by norok
3
Staying Cautious on Bitcoin Until After The ETF DecisionsI don't know about you, but with all of the hype for the Bitcoin ETF going on, I am staying pretty cautious in the markets right now. Even though there are some big movements going in other altcoins, most eyes are watching good ole BTC. Nobody truly knows what is going to happen, there is a ton of speculation going on and the price action we are seeing is people trying to buy coins before the hedge funds go nuts with their money. Many say it will be a 'sell the news' kind of event. This may be the case. In 2017, the Grayscale Bitcoin Trust opened up futures trading on the CME, and that is what started the collapse of that market cycle. So who really knows. In times of crazy news cycles like this, I pay more and more attention to the charts for my direction. Right now I am seeing Bitcoin hitting a very solid line of resistance. It needs to break through the 48K level and find it as support for me to be more bullish. If we get rejected on the news, we could see a big dip down to the high 30's or low 40's which is where, if the ETFs pass, the hedge funds will be looking to scoop up. So don't be surprised to see some market manipulation going on. So we may see some fireworks for sure in the next couple of days, but whether they are red or green fireworks has yet to be seen. I am just staying cautious and not going to make impulsive decisions either way. What are your thoughts on the Bitcoin ETFs and where do you think the price will go?
COINBASE:BTCUSD
by thelogicaldude
📈💰 Bitcoin Breakout Analysis 🚀🌐🔓 Key Breakthrough: Bitcoin has successfully breached the challenging $44,700 region, a level persisting since December 5th. 🎯 Next Resistance Levels: Immediate focus on the $48,000 resistance. If bullish momentum persists, watch for resistance in the $50,000 - $52,000 range. 🚨 Caution Advisory: Caution is urged this week, anticipating high market volatility. The Bitcoin spot ETF news is a significant factor that could profoundly impact market movements. ⚖️ Market Dynamics: The outcome of Bitcoin spot ETF news holds the potential to shape market trends. Traders should remain vigilant and adapt strategies to evolving conditions. 📣 Conclusion: Bitcoin's breakout signals a potential upward trajectory. Caution warranted amid anticipated news regarding the Bitcoin spot ETF. #BitcoinAnalysis #BTCBreakout #CryptoMarket
BITSTAMP:BTCUSDLong
by Richtv_official
Bitcoin (BTCUSDT) (1W)Below the technical analysis of BINANCE:BTCUSDT Timeframe: 1 week The main supports and resistances are indicated in the idea. A trendline starts from the green support: if this were to be invalidated by touching 1500-1600, a negative scenario would open up in the short term for ethereum. The narratives on spot ETFs could help bitcoin rise towards the ath (and more) over the green area on the top. This bullish cycle could be the last in terms of % returns for bitcoin: the price at the end of the year, thanks to etfs, could easily be 140-160k. Today marketcap: 910B
Long
by mcpnz
1
Ten Reasons BTC Sould Hit $155k - $210k This Market Cycle But...Here's my revised "Potential Path To $150k+" chart, adding in 3 new factors that further point to the higher Fibonacci targets on this chart and potentially hitting $220k Bitcoin. As the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... The same scenario could play out for the 2024 bull cycle, with each of these TEN factors potentially 'igniting' the other smoldering 'fires' into a giant bullish blaze. Kind of like a good ol California forest fire. When the smaller fires meet, the blaze begins. The following TEN factors show 3 potential levels for Bitcoin upside in 2024, which I've labeled as 3 scenarios described in more detail below (Likely, Probably and Possible). 1. BlackRock & Fidelity ETF's Approval - (Slated for this week by January 10th - 95% chance)). 2. QE Money Printing To Pay Down US Debt - (The US rising debt levels require easing soon). 3. Bank Failures, Bank Runs & Transfer Into BTC - (More bank failures are likely. BTFP ending). 4. Hyperinflation & De-Dollarization (BRICS) - (We haven't seen effects yet, but still brewing). 5. Corporate Accumulation - MSTR / Apple /Tesla - (MSTR raising 750M Common Stock for BTC). 6. Country Accumulation (New Reserve Currency) - (More will follow El Salvador this cycle). 7. Post-Halving Less Bitcoin Miner Selling ($12B) - (Miners will have less to sell > 2024 halving). 8. Less Available BTC On Exchanges - (More retail wallets will creasing demand / supply shock). 9. Increasing Political Support For Bitcoin - (Politicians joining the narrative will push in favor). 10. Bursting of the Sovereign Debt Bubble - ($35T of COVID money globally straining global economies). Any ONE of these and likely the ETF approvals could and will be the needed 'spark' that ignites this Bitcoin forest fire, which will never be put out and only grow. I've broken these down into 3 scenarios... Likely Target ($100k) - Bitcoin was widely 'expected' to hit $100k in the last cycle, and the math supports the reasons why. With $20T+ in investable assets in Gold + Silver + US Real Estate in 2023, just 10% of this moved over to Bitcoin gives BTC a $2T market cap alone. It's also the 1.618 Fib target for the next cycle as shown. Probable Target ($155k) - Looking at the bars pattern from the Oct 19th 2020 breakout, we can see a rapid rise in Bitcoin followed, driving price up to the April 2021 initial high for BTC. This also coincides with the 2.618 Fibonacci target on the charts. Possible Target ($210k) - Again looking at the last cycle drop starting in Dec 2017, to the low in Dec 2018, the 3.618 Fib target was exactly where the peak around 64K in April 2021. Many believe this to be true 'high' although later we had a Wyckoff 'Thrust' higher to $69k. In the near term, the bars patterns also shows confluence for a pause right at the Fib Golden Pocket between 48K and $50k. Since round numbers act as market magnets, I feel $50k is the next push higher before a meaningful profit taking pullback. Also notable is the 21 week MA which has been an excellent support / resistance barometer over the years, and price has just firmly broken above that in recent weeks. So this is looking very bullish to me here, and I'm expecting we go higher... Time will tell if one or more of these scenarios come to pass! But I've also added 3 potential negative scenarios (and may add a 4th) which may pour water on this fire from the start, and are unknowns worth noting. 1. It's the First Ever Macro Global Recession for Bitcoin (Could a US recession drag this down?) 2. Still Small Possibility of ETF Delay or Not Approved Yet (This would cause a massive sell-off) 3. Spot ETF's May Mark a Market Top Like in Previous Cycles (No way to know the ETF effect). And here's a notiable #4 not yet on the chart... 4. Issues With BTFP Expiration Causing Bank Failures (Forcing the Fed to start dropping rates). When the Fed actually starts Dropping Rates, markets usually go down initially... See the excellent article Arthur Hays recently put out detailing this scenario. What do you think will happen this week and into the Halving??
COINBASE:BTCUSDLong
by BrettFogle
4
The 'SELL THE NEWS' trade that got me the 'FXProfessor' nickname🎉📈 "Bitcoin ETF Buzz: To Sell or Not to Sell?" 🤔💰 Hi everyone! 🌟 Today is a special episode, a special post, and a special idea. First of all, Happy New Year 🎊 to all of you! We have Bitcoin at 45K, nearing 46K 🚀, prompting us to consider our options. Is it time to sell the news 🤷‍♂️💼 with the Bitcoin ETF drawing closer? The market is rife with FUD 😨, and Jim Cramer's opinions can't be ignored. He suggests that the ETF approval might be an opportunity to sell, but history has often shown his predictions to be off-mark 🙈. Let's delve into history for guidance 🧐📚. Back in December 2017, during the CME listing of Bitcoin futures, I made a significant sell decision. At that time, I wasn't on Tradingview but shared my thoughts on Facebook, predicting a manipulation in Bitcoin's price post-news 📉🗞️. Indeed, the 2017 all-time highs weren’t revisited for three years, validating my decision 🎯. Check it: Now, let's analyze the current scenario 🔍📈. With Cramer hinting at a potential sell opportunity following the ETF approval , it's crucial to scrutinize the charts 📊. I'm leaning towards a 50% chance that the market is poised for an upswing with the ETF's approval ✅📈. However, it’s essential to understand Bitcoin’s seasonality and cycles ⏳🔄. We're currently heading towards a halving year, with the next all-time high anticipated around the end of 2025 📅🚀. This differentiates the current situation from 2017. My focus is on a key resistance level at $47,071 💹🔑, which will be instrumental in my decision to sell or hold. If this level is breached, we might witness a significant breakout 💥💸. However, should there be a surprise ETF rejection, a fallback to lower support levels is possible 😱📉. To conclude, while my initial inclination was to sell the news, the current analysis suggests that might not be the most prudent course 🤔💭. Remember, each move in the crypto market requires careful analysis and an understanding of historical trends 🔬📉📈. Stay tuned for more insights and updates! One Love, The FXPROFESSOR 💙👨‍🏫💼 my special 'simple secret chart':
Long
by FX_Professor
15
BTCUSDT - ETF will be Rejected! Hello Everyone! This is an overview of Bitcoin. In my opinion Bitcoin's ETC will be rejected and we'll see a bearish move in bitcoin. This is the details: 10th January 2024 = Start a sharp bearish move to ~$38500 Then go to ~$48500 until 4th February 2024 The main bearish movement will start here and we have our main bottom on 5th April 2024 I'll update the chart there! Bitcoin go down alone! of course Alt coins will go down too but the % of bitcoin will be more! (See my BTC.d analyze for more info)
BITSTAMP:BTCUSDShort
by Sajjad_vtb
16
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
Major Levels Are Now Being Broken in the Altcoin Space!Traders, In this weekend's video, I am continuing my cautionary tale. You'll remember in my last video that I went all contrarian on you regarding the Bitcoin ETF approvals. I was not necessarily bearish. But I am not necessarily bullish either. I am only observing some indications on the charts that warrant caution. And thus, I stated that we need to be prepared to expect the unexpected. We could be at a mid-cycle top and the whole ETF approval thing could be a sell the news event. Altcoins, now seem to be backing that hypothesis as major support levels are being broken all around. We'll take a look at what I am observing on these charts.
INDEX:BTCUSDShort
by stewdamus
BITCOIN LIQUIDATION EVENT 01/03/24 - ALTCOINS MASSIVE GAINS OP!Today we've experienced a crazy liquidation event in the Crypto Market. Bitcoin moved from 45k until 40-41k depending on the exchange. Altcoins lost 20-40%, but many of them already recovered half and some up to 100%. ARB, GMX and ENS did pretty well. Right now, as long as Bitcoin holds this ORANGE TRENDLINE that goes back untli January 2023, on a daily closure, we are fine for continuation. Targets: 47-48K We are close to the near of the Wave 3. Wave 4 correction is near. Right now the best plays to buy Altcoins, since many of them still have to appreciate on value in the comming month. Altocins to watch: XRP THETA FIL XLM IOTA MATIC
COINBASE:BTCUSDLong
by xReve
Bitcoin: Quick BreatherSpeculations I believe Bitcoin is coming due for a "steep" correction but not in an unload your wallets and get out of the game kind of way. It has rallied hard over the last few months and despite experiencing significant increases in value, Bitcoin's volume has slowly dwindled. It is for those reasons and -- more in the following paragraph -- that I believe Bitcoin will most likely see a drop to around $35K. Trend Analysis On the 1D and hourly charts, I have drawn out a symmetrical triangle (yellow) that envelops the $35K support which rests around the 61.8% Fibonacci retracement level. I utilized Fib retracements in both the up and downtrends to find what I believe will be a reasonable bottom; the downtrend Fib levels place 61.8% too low in my opinion. Bitcoin's current value is consolidating within a smaller symmetrical pennant (white) and appears to be on the verge of breaking down. Using the volume indicators and Fibonacci levels to support my theory, I believe that selling pressure will increase as we approach the Bitcoin ETF decision. I think that many traders will exit their positions out of fear of an ETF rejection which will cause a cascade to the 61.8% Fib level. Speculative Projections Because of the crypto market's overall bullish sentiments, I feel comfortable projecting a double bottom pattern that may develop within the symmetrical triangle. However, once an ETF decision has been made I don't believe the current patterns will remain valid. I am expecting that there will be a premature breakout or breakdown at this time.
COINBASE:BTCUSD
by Shepherd_Investor
2
BTC ETF Approval. Expect the Unexpected.Happy New Year Traders! With the likelihood of Bitcoin ETF approval in the cards, there are a plentitude of zealous crypto traders on the crypto rocket anticipating destination moon. But what if it doesn't turn out the way everyone expects? What if the MMs shake out the pockets of dumb money and over-leveraged moon boys? Or worse yet, ETF approvals are delayed yet again? Nothing is really certain until it's settled. In this episode, we're going to discuss a few indications that the possibility of more sideways to down action is really not that far-fetched. Understanding this perspective can help us to trade safely and avoid being rekt.
INDEX:BTCUSD
by stewdamus