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Crazy Week in Bitcoin and Cryptos📰 Double Whammy: Bittrex Shutdown and CZ's Legal Woes Unsettle Crypto Markets! 🚨 Bittrex Shutdown Impact: Despite the looming closure of Bittrex Exchange on Dec. 4, BTCUSD on the platform soared to $46,000, creating a buzz in the crypto sphere. Explore the chart: 🔒 Binance's Legal Turmoil: Adding to the turmoil, former Binance CEO Changpeng Zhao (CZ) faces legal constraints. As per federal prosecutors, CZ, having pleaded guilty, cannot leave the U.S. ahead of his February sentencing for violating the Bank Secrecy Act. 💔 Binance's Guilt and Heavy Penalties: In a shocking turn, Binance pleaded guilty to multiple charges related to allowing users from sanctioned regions without proper compliance measures. The exchange agreed to a staggering $4.3 billion in penalties, marking one of the largest fines in the history of the U.S. Department of Justice. 🌐 Global Implications: Prosecutors express concern about CZ's minimal ties to the U.S. due to his UAE citizenship, fearing he may not return if allowed to leave. They're not seeking pre-sentencing detention, only requesting that CZ remain in the U.S. His sentencing is slated for Feb. 23, 2024, with potential imprisonment and a fine. 📉📈 Market Response: Current BTC support lies at 36300, extending to 33500. I am looking for a breakout above 40,000, anticipating a surge to 42,000 in the pre-Christmas period. Stay tuned for updates
BITSTAMP:BTCUSDLong
by ArShevelev
My Secret Bitcoin Map for 2024-2025: An Idea You Can't Miss 🚀📈Hey folks. Today, I'll unveil my secret trading roadmap for 2024-2025 🗓. This roadmap will be your trustworthy guide, helping you multiply your initial investments throughout this crypto cycle 🚀. Many traders and investors understand that financial markets are cyclical, and the cryptocurrency market is no exception. This cyclicality implies that price patterns tend to repeat, allowing us to anticipate future price behaviors. I know many analysts analyze and compare cryptocurrency cycles, but I haven't encountered such a comparison before 🧐. Before delving into the chart and predicting the future of Bitcoin and Altcoins, I want to note that I've been refining and testing this plan for the past 6 months ⏳. So far, the accuracy results are truly impressive ✨. More on that later. Global Bitcoin Forecast for 2024-2025 🌐 Now, let's move on to analyzing the chart 📊 and predicting the future price of the cryptocurrency market. In the chart below, I've compared the current Bitcoin cycle, the 2015-2017 cycle, and the 2019-2021 cycle. Did you notice the similarities between each cycle? Yes, the price diverges at times, but there's over a 70% correlation, which is quite significant 👀. It's worth noting that the bearish phase (downtrend phase) has ended. The accumulation phase is also nearing its conclusion. And soon, with high probability, the entire year of 2024 and the beginning of 2025 will see the cryptocurrency market in a bullish trend (growth phase). Pay attention to the current situation. During this period, in relation to the cryptocurrency market cycles, Bitcoin has always been in the accumulation phase (sideways trend). 📅 September - November 2023 In both previous accumulation cycles, it lasted about 200 days, after which there was a breakout upward and growth 🚀. Currently, the price has been in a sideways trend for approximately 170 days. If we go by the past, there's 1 month left before growth begins 📈. By the way, this scenario aligns very well with the months. September has always been a consolidation period 🛑, and October a month of growth 🌱. Currently, many people are expecting the price to fall, and it's no surprise, as this always happens after downturns. The market sentiment changes with the price movement. A week ago, I conducted a poll on my Twitter account and asked my audience: "In your opinion, which will Bitcoin reach first, $20k or $30k?" 61% of respondents believe the market will hit $20k first. Usually, as a rule, the market moves against the majority's opinion. Indeed, at the $19k - $20k level, there's a lot of liquidity 💧, strong levels, and if the price drops to $19k, it would be a great opportunity 🌟 to start investing in the cryptocurrency market. However, it's more likely the price won't drop below $22k - FWB:23K 📉. I'll give a 20% chance 🎲 that Bitcoin will indeed decline. If it does, prices below FWB:23K - $22k are very attractive for buying 💰 (in case of a drop, buy incrementally; this allows for a good average purchase price). The question arises: " If there's growth, where to? " 🤔 It all depends on how the price behaves throughout September 2023. If, during September, the price approaches the $30k mark and begins to consolidate, there's a good chance to reach $40k - FWB:42K 🎯. If the price stays around the same levels throughout September, then the targets might be around $35k 🎯. Additionally, I want to highlight a few patterns. In past cycles, the growth occurred in two waves and lasted about 1.5 months. I anticipate these patterns will repeat, and the cryptocurrency market will be in a growth phase until mid-November. Exact price prediction is impossible, so I set various targets. Everything is relative and will be adjusted in real-time. 📅 November - December 2023 If we look at past cycles, from the beginning of October until mid-November, we should expect growth 📈, followed by a reversal and a sharp decline 📉, likely in December 2023. Again, it's almost impossible to predict the exact fall targets; it could be $19k - $20k, FWB:25K , or the upper accumulation boundary, $30k. Everything will depend on the price growth in October - November 2023. In the 2015 - 2017 cycle, the drop was 40% 🔻, while in the 2019 - 2021 cycle, the price declined by 60% 🔻. Bitcoin's drop in December 2023 will be a holiday gift 🎁; keep an eye on the price 👀 and don't miss the opportunity to buy cryptocurrency at a discount before the start of the bull trend 🚀. 📅 January - May 2024 From the beginning of 2024 until mid-spring, the cryptocurrency market will likely be in a slow upward trend 📈, just as it was in past cycles. In March - April 2024, the Bitcoin halving will take place 🌗, which will certainly awaken the market and lead to increased volatility (sharp price jumps ⚡). Past cycles also suggest that during this period, we should anticipate a local price increase 🚀. Potential uplift levels: FWB:48K - $50k 💰. Also, note that in both the first and second scenarios, the price returned to the initial growth values. 📅 June - September 2024 According to our map, during this market period, we can forecast growth 📈 and an assault on Bitcoin's all-time highs: $69,000 💎. During this time, it's also worth anticipating a surge in news-related momentum 📰. Lately, most global investment funds have been applying for a Bitcoin ETF. Perhaps during this period, we should expect positive news related to this event 🎉. 📅 September 2024 - January 2025 After Bitcoin updates its ATH (all-time highs) 🌟, the price will start to skyrocket 🚀. During this period, you can begin to purchase altcoins, as a significant amount of liquidity will shift from Bitcoin to altcoins, marking the start of the much-anticipated altcoin season 🎉. By the end of 2024, Bitcoin might reach the $100,000 mark 💰 (a key psychological level). This, in turn, will lead to uncontrollable market mania 😲. You will notice the media 📺 extensively discussing Bitcoin and the cryptocurrency market. A vast influx of newcomers 🏃, who have little to no experience in trading or investing, will rush into the market and invest their savings 💼. Big players ("whales") 🐋 during this time will be massively selling their cryptocurrency to retail investors. Be cautious ⚠️, the end is near. 📅 February - May 2025 The final months of the bull market 🐂. At this stage, you've noticed that the cycles have started to differ. However, the dynamics remain similar. A correction followed by the last growth wave 🌊. Systems, models, and indicators point to different targets for this cryptocurrency cycle. I lean towards the new all-time highs (ATH) for Bitcoin being in the range of $130k - $170k 💎. Important All the information provided above is presented strictly for informational purposes and is not a recommendation to buy or sell financial instruments or currencies. I want to note that this map serves as a reference for me, but it is by no means my strategy or system. It helps me regulate my risk level. My primary system and strategy, which I rely upon and am willing to invest my own money in, is a complex of my own Buy/Sell indicators, guided by their signals. 👇 Research independently and manage risk accordingly. In the world of cryptocurrencies, nothing is impossible. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
2
Bitcoin Rising, CEOs Falling: Legal Challenges | Crypto AutumnJust like Arthur Hayes of BitMEX in Autumn 2020, Changpeng Zhao (CZ) of Binance is facing similar legal challenges in Autumn 2023. Both incidents coincide with Bitcoin's Autumn price rising, from $10,000 in case of BitMEX and from $35,000 in case of Binance. Legal experts predict CZ's potential prison time to be around a year or less, drawing parallels to Hayes, who received six months of house arrest in 2022 despite government efforts for a longer sentence.
BITSTAMP:BTCUSDLong
by ArShevelev
2
Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025Today we will try to summarize the results of 2022 and look a little into the future. What can we say, We think few people will deny that 2022 is one of the worst years that we have seen and consciously felt. Painful both separately for the participants of the crypto world and in general in the context of the economic, military and geopolitical situation in the world. In 2022, the value of most cryptocurrencies fell steadily, almost with no corrective rebounds upwards. At most - prices were stuck for several weeks in the sideways correction and then fell again. But usually, after a black streak comes a white one, so let's turn the 2022 page and look into 2023-2024-2025 Here is the BTCUSDT price chart on the monthly time frame Although the history of Bitcoin trading is not so long compared to other financial assets or indices, but a certain cyclically can be traced over a 12-year period. The behavior of BTC price movement can be divided before and after "halving". "According to the algorithm, the reward for the mined BTC block is halved +/- every 4 years, and the event itself is called "halving". On 28.11.2012, the first BTC halving took place. Back then, crypto was something completely unknown for 99% of people, then on a regular desktop computer, you could mine a BTC block and get a reward of 50BTC. From 28.11.2012 to 09.07.2016 - the reward per block was 25 BTC From 09.07.2016 to 11.05.2020 - the reward per block was 12.5 BTC Now the reward is 6.25 bitcoins, and from April 2024 (the projected date of future halving) it will be halved to 3.125 BTC. As the complexity of mining increases every day, the rewards will decrease until there are no bitcoins left to mine. Only 21 million bitcoins can be mined (and of these, 3-4 million are considered irretrievably lost). Calculations indicate that the last block should be mined in 2140." To summarize: after each halving, the supply of new BTC that can be sold on the market is greatly reduced, which according to the law of "supply and demand" only stimulates the price growth." If the BTC price is growing, which is already regarded by many as an "index of cryptocurrency stability", then altcoins are growing much more strongly in parallel. For example, we recently made an interesting idea for LTCUSDT. Litecoin is mining and has a halving on the same block as BTC, but the halving comes a little earlier. We describe it in more detail here If you are interested in when to sell your LTC, read and analyze. If we analyze the behavior of the BTCUSD price, we can confidently state the regularity and cyclicality: + BTC price minimum January 2015 + 17 months = "halving" July 2016 + 18 months of the rapid growth of the crypto market until December 2018. + BTC price minimum December 2018 + 17 months = "halving" May 2020 + 18 months of the rapid growth of the crypto market until November 2021. Now we prospect this pattern for 2023 - 2025 + If the minimum BTC price was recorded in November 2022 + 17 months = projected "halving" April 2024 + 18 months of the rapid growth of the crypto market until October 2025. This assumption, at least, has the right to life, and we remain to be closely monitored for it. Our expectations for 2023: - January 2023 - continued consolidation and bottom formation in the range of $16000-19000 - February 2023 - a shot up to $28000 - March - October 2023 - prolonged consolidation under the level of $28000 - autumn 2023 - breakthrough and consolidation of the BTCUSDT price above $28000 In 2024, a stable growth trend according to the fractal is expected. Autumn 2025 is the maximum price for possible future growth trend. Altcoins in 2023 may be less patient and start "shooting" up in the spring-summer of 2023, while the BTC price is in consolidation. By organizing a mini alt-season in 2023, the "big players" will be able to show that the market has come to life. They can hint and lure "new and fresh" money into the crypto world for a joint and powerful growth of the crypto market in 2024. This is a very necessary thing after a bunch of negative events in 2022. These assumptions also complement our analysis, which we wrote about the possible capitalization of the cryptocurrency market in 2023-2025 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
82
Bullish Outlook with Potential TargetsUpon scrutinizing the 4-hour timeframe, Bitcoin's chart reveals a compelling bullish scenario. The support line, characterized by a noticeable upward slope, is forming significant higher lows, indicating a strengthening upward trend. Notably, a flat resistance level at 37,900 is proving to be a formidable barrier, temporarily halting further upward movement. This has given rise to the formation of an Ascending Triangle pattern, a bullish continuation signal. The interplay between ascending support and a flat resistance level suggests potential upward momentum once the resistance at 37,900 is breached. This is promising setup for strategic entries, eyeing targets at 39,000, 41,000, and 43,000 for potential bullish moves. Learn more about triangles -
INDEX:BTCUSD
by Vestinda
2
Bitcoin Will Never Die - i am posting this new chart like i did in 2018. ( i will link olders charts at the end of this post ). - it's always more easy to predict a long term chart ( 1 Week TF ) Than a shorter timeframe ( 1 Day TF ), just because cryptos are hyper volatiles markets. - Everything is in chart and very simple to read, this is imo the worthless scenario we could see. - Most of my followers know my trading style, i always try to predict bottoms and tops. - i never advise peoples to short BTC, because my philosophy is to predict "Hope", and bitcoin is here to fight hyper inflation. - TheKing helped peoples which believed in to get more wealth, trying to make this world more fair. - if you bought BTC in 2011, 2013, or the top of 2017. you are still winner. Peoples who bought the Top of 2021 will be winners in the long run. - Bitcoin's PoW algorithm have been created to grow, 21M BTC only and strengthening difficulty every halving. Patience is the road for wisdom. Bitcoin is the road for freedom. Happy Tr4Ding !
BNC:BLXLong
by thecryer
27
Bitcoin's ABCD: 2020 Twin Move - X2 Ahead!Hey crypto enthusiasts! Today, let's unravel an intriguing aspect – how Bitcoin seems to be tracing its own financial history, akin to a monetary déjà vu. We're shedding light on the patterns from 2020 and how they're mirroring the charts in November 2023. 📈 Identifying Patterns: ABCD and Rising Channels Ever engaged in detective work with Bitcoin charts? Well, it turns out there's a recurring theme – the ABCD patterns and those rising channels. What's even more fascinating? They're not merely repeating; they're unfolding in the same sequence and maintaining a comparable distance. It's almost like Bitcoin has a rhythmic financial cadence! 🔍 Are We on to Something? So, here's the question: Could these patterns be providing us with insights into what lies ahead? According to this investigative work, there's speculation about Bitcoin setting its sights on that $50,000 milestone real soon – perhaps before we welcome the new year. 💭 We Want Your Take Now, we're not financial gurus, but you might be! What's your perspective on this Bitcoin journey? Are we in for a predictable ride, or is this an entirely new financial voyage? Share your thoughts in the comments – we're all ears! 🌐 Riding the Crypto Wave Together As we ride the crypto wave, these déjà vu moments give us something profound to ponder. Stick around for more updates and dive into the conversation. The Bitcoin story is unfolding, and your insights might just be the missing piece to this financial puzzle. 💬🚀
INDEX:BTCUSDLong
by Vestinda
Bitcoin's Price BalletSince its inception, Bitcoin has displayed a consistent price action pattern across cycles. During bear markets, prices adhere to a singular trendline. When breaching it, Bitcoin enters a parabolic trajectory. Historical trends underscore this pattern: from 2012-2014, then 2015-2017. The 2019-2021 cycle deviated slightly due to the "COVID-puncture," altering the bull market shape. Ignoring this anomaly, Bitcoin's price aligns with its age-old parabolic curve. While doomsayers predict a potential Black Swan event, with prophecies of a dip to 10K-16K, history informs us. The 2014 bear market ended with a double-dip bottom, akin to the 2018 scenario. Hence, the notion of a second dip lingers, urging caution. It's unwise to go all-in at any market point. HODL your Bitcoin, maintaining some cash reserves offers a prudent approach. Additionally, observing the RSI on the weekly chart reveals a recurring pattern. The RSI typically ascends to the 70 level as the market exits its bottoming phase. This repetitive behavior underscores Bitcoin's cyclical nature, offering strategic cues for seasoned investors.
INDEX:BTCUSDLong
by Vestinda
We'll See What Happens Next! [Short-Term Forecast]In this video we discuss the Bitcoin forecast as we finish out the rest of the year (Crypto Spring). We are keeping an eye on the triangular area between the Maximum Halving High Pressure Zone and the Future Halving Price Line and the potential that bitcoin could meet significant downwards pressure in this area. Also, we're looking at the 365 Day Moving Average, as it continues to trend below the Future Halving Curve (The Jet Stream). Historically, If we finish out Crypto Spring with the 365 Day MA below the Jet Stream, the Bitcoin price would trade mostly below the Jet Stream up until the halving date. What are your thoughts? Thanks for watching!
INDEX:BTCUSD
0
by TheCryptoWeatherChannel
RB Calling for TOP! Comparing Bitcoin's 2019 Rebound with 2023.Hello my dear readers! Many of us find themselves drawing parallels between past and present, searching for clues about what the future holds for Bitcoin. In this analysis, I will explore the comparison between Bitcoin's market bottom and rebound in 2019 and its current resurgence in 2023. Can we project a price target of up to $47,000 based on this analysis? Let's dive in. Resemblance to 2019: Upon closer examination, it becomes evident that 2023's Bitcoin market rebound shares remarkable similarities with the 2019 scenario. The patterns, trends, and key indicators align in a way that raises intrigue among traders and analysts. Inverted Wedge Formation: One compelling aspect is the formation of an inverted wedge pattern. This pattern, which commenced right at the market bottom, is strikingly reminiscent of the conditions observed in 2019. The inverted wedge is a promising sign for traders, as historically, it has often preceded significant upward movements in Bitcoin's price. Crash Patterns: Another interesting facet of this comparison is the resemblance in crash patterns. The crash pattern observed in the current cycle shares characteristics with the previous one, yet it appears more condensed and narrow. This contrast becomes especially evident when compared to the flatter pattern that prevailed in 2018-2019. Projection for Bitcoin's Price: Based on this analysis, there is a potential projection of Bitcoin's price targeting up to $47,000. This projection aligns with the trends and patterns observed in both 2019 and the current market, offering an exciting prospect to monitor in the coming months. As we observe the ever-evolving dynamics of the market, this comparison between the events of 2019 and 2023 serves as a captivating reminder of the intriguing possibilities and patterns that have the potential to shape Bitcoin's journey. While I cannot predict the future with absolute certainty, my mission here is to empower you with my detailed market analysis and insights. 💛 If you've journeyed this far with me, why not show your support by hitting the ' boost 🚀' button and following my page? And if you're already a subscriber, feel free to share your thoughts in the comment section below. Do you spot a correlation between these two periods, or do you anticipate a different trajectory? Always Yours Kateryna 💙💛
KRAKEN:BTCUSDLong
by RocketBomb
6
😱 BITCOIN PRICE PREDICTION 2020/2021 😱 NEW PHASE ‼‼‼Here is the update on history of Bitcoin. NEW +1 Phase spotted. I find 7+1 Phases of the bitcoin from the top of 2013. 1. Descending Triangle Phase Price in form of triangle, in 2013 this pattern last for about 398 days. In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase 2. Ascending Triangle Phase After breakdown of the phase 1, market in 2014 moved down and in start of 2015 formed Ascending triangle shape within 186 days. Now look at 2018/2019 zone of Ascending triangle , similar shape, similar period of 155 days. Next price moved upside to next phase. 3. Flat Zone Phase After moving upside price stuck in Flat zone for the 149 days in end 2015 and beginning of 2016. In middle of 2019 price stucked in similar Flat zone for about 162 days. Then we moving to next phase 4. Inverse Triangle Rise Phase In this zone we see about 105 days of rise in between middle of 2016. Here is highly debatable, but looks similar in end of 2019, you can see similar rise within 107 days. What happened next is phase of sudden crash. 5. Sudden Crash Phase So you see the 4th phase with 107 days rise, then within just few days price suddenly crashes in end of summer 2016. Same Sudden Crash happened in fears of COVID-19 in March 2020, right after Inverse Triangle Phase (4). Now move to phase 6. 6. Lack of Certainty Top In the end of 2016 we see the small volatility movement below resistance line and before this Top zone, we see steady rise for 153 days, before the market breakout from resistance line. In the 2020 we see steady rise after Sudden Crash (5) for about 156 days. Now price approaching resistance line without big volatility . Here is the prediction starts, in 2017 after breakout we faced 7th phase. NEW. 7. ATH Volatility Spike In the beginning of 2017 you can see green rectangle - at that time price approached 2013 ATH ($1150) and looks like there price start to jump really fast. Price made a pullback from ATH and then tried to break it, showing false breakout and then only at third attempt it broke the ATH level and Parabic started 8. Parabolic Rush Phase So after the breaking out from resistance line in early 2017, Bitcoin price started to grow, and after crossing previous highs market flooded with new traders and fresh money, which caused insane growth of the price for abut 357 days. Will this phase repeats after we cross 20k again? This is topic for discuss :) 👉 What price do you think we will face during end of 2020 and in 2021? Stay tuned, have a good profits Appreciate your likes and subscriptions This is Artem Crypto
BITSTAMP:BTCUSDLong
by ArShevelev
7
Next bull market starts by March 2023Hi fellow cryptopians and crypto enthusiasts. I am going to make a fairly bold claim here today. First off we have a bitcoin hash ribbon buy signal quickly approaching us (within two weeks) which could pump us to 50k. If this does happen it should be followed by a correction that gets boring for 4 to 5 months and should spark the new bull run by march 2023 the latest. This analysis should not be taken as financial advice as it's just for fun but lets follow and see where it leads. Having said all that I do believe the bottom is in and we are a very strong accumulation until march or mid next year. * Patience is key to success*
BNC:BLXLong
by WeAreSat0shi
4
BTC - BITCOIN LEGACY - the big dogBTC - BITCOIN LEGACY - the big dog took a look at this beast on the monthly; going to keep an eye on this one as we go forward as a zoom out reference. its all there on the chart, two obvious comparison periods. now check the momentum levels. tbf we have macro disasters left right and center, so these levels make sense. maybe a good long term map here; im thinkin if it continues to break down here it'll prob go lower than people think.. if it holds this price level approx then keep accumulating those hot alts from the bull, they'll prob bounce harder. gl
BITSTAMP:BTCUSD
by Crypto-Quantum-Fox
4
Bitcoins next 6 months outlookBitcoin is still clearly in the bear market and won't make it's initial big push out for 6 months most likely. This should be good news to you if you are stacker. The bears have a strong hold over price action, but as we can see on the RSI, the hold is weakening with bullish divergence forming in this underling indicator that simply determines "relative strength". If bitcoin maintains this divergence you can expect a very quick price pop up by the end of the month (seems likely) . The down trend resistance levels are color and thickness coded by strength. Each time any one is conquered, meaning a break above and stay above, our attention is then focused on the next one until all are broken and defeated. Stronger to weaker RED ORANGE GREEN BLUE Thanks for looking at my chart and leave a comment on what you think. My chart is educational analysis and is not to be taken as financial advice. We are all here to make money and limit our risk is the best way to do so. Contrary to the news, from what the chart is showing us... it's telling us that risk is low, the RSI has bottomed and showing signs of strength. * Bear markets are buyers markets, Bull markets are sellers markets* PS: The arrows are only examples Once again... thanks, WeAreSat0shi Stay Blessed!
BNC:BLXLong
by WeAreSat0shi
4
Bitcoin scary scenario for all of usHello Traders, Everything is on the chart. First of all, this is not my preferred scenario, and I still believe we won't see new lows unless we experience another Black Swan in the market, and we have to be prepared for any outcome. The bottom could be in before Bitcoin ETF acceptance and Halving. This scenario has a 20% chance of occurring imo. Please see my previous idea about Bitcoin, hit the boost button, and follow me for more ideas. Thanks.
INDEX:BTCUSD
by ir0nhand
Is BITCOIN hinting at an upward rebound? Long trade #3Hello colleagues! We are continuing our new section of clear trades. Today we'll talk about BTC. In the previous trade , we correctly identified the direction of the market. However, the market did not give us the opportunity to enter a position where we were safe: Today, we will try to catch a short-term trade within the consolidation. Since 15 August, the price of BTC has fallen aggressively by 14%. Since then, BTC has been trading in a narrow range of $25800-26900 . Such a weak reaction from buyers can indicate two things: - The market is very weak and will continue to fall in the short term - Buyers have organised a range to gain positions and the cryptocurrency market will continue to consolidate for some time. Given that the price is now near the lower boundary of consolidation, it is quite logical to try to catch a long trade. Why is the entry point below the liquid range? As you can see on the chart, we believe that the strong liquid zone is in the range of $25800-25880. However, if you open the 15-minute timeframe , you can see an interesting pattern: In addition to the fact that trading volumes are growing near the $25800-25880 range , you can see that BTC's local growth begins only after a false breakout of an important liquid zone. After a false breakout, a retest takes place, and only then does the price of bitcoin head towards the upper boundary of consolidation. Bitcoin is a short-term trade: Given this pattern, we expect to catch a long trade: #BTCUSDT 2h Enter = 25665 Stop = 25276 (- 1.5%) TP = 26921 (+ 4.9%) P/L ratio = 3.23 To be on the safe side, part of the position can be bought at $25665 , and the other part after the rebound and retest of the $25800 range. What do you think of this trade and what is your vision of the bitcoin market? Write about it in the comments!
Long
by P_S_trade
25
BITCOIN - NO BULL RUN TILL MARCH 2024This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month. Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend. We have four phases here and the number of months each lasted for The All Time High - All Time Low (12 Months) The Bull Trap (6 Months) Accumulation Phase (9 Months) And finally the; All Time Low to All Time High (13 Months) Comparing the two bear market together, we have completed the first two phases and we are in the accumulation phase. Therefore, we have till February 2024 to accumulate our favorite gems before a bull run will kickstart. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
BITSTAMP:BTCUSDShort
by PetrockFxTrading
8
Bitcoin analysis in daily timeConsidering that extraterrestrial beings also use Bitcoin for their financial transactions, we should not be left behind... Bitcoin will definitely have a temporary drop and then a significant rise. We are waiting for shopping areas for spots. Two areas are considered. In the lower area, we reduce the average purchase price. The minimum profit of this business is 40%. We will definitely act smarter than the UFO owners. Not financial advice
Short
by fiftytwohertzwhale
3