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Bitcoinidea

The Bitcoin Bull MarketThe probability of the bull market continuation is evident in the chart with higher highs and higher lows. The path to all time highs isn’t always clear and the demand for a COVID esque capitulation grows but I believe it is possible that we may go higher before we go lower. Upside target resistance around 50-52.1k with a 2024 low boundary around 28.6k range. We may be forming a very large inverse head and shoulders structure that targets 170k, should it play out. A bullish perspective for some to consider. No guarantees.
Long
by TheCheartBreaker
Quick BTC update. It's Important.Hello traders, I hope you guys are doing well with your trades. BTC has made a sudden change in the recent price action but this was something that I already talked about in my previous analysis. After a good 7.5% gain from the lower support, BTC failed to break above the $37.9k resistance. It got rejected all the way to $36.4k where we have the 21 MA ($36.5k) support. We can expect a bounce back from this level where BTC will possibly try to break the $37.9k resistance once again but if the 21 MA support fails then $35.7k is the next expected support. That's it for now. I hope you find this update informative. Regards, Team Dexter.
KRAKEN:BTCUSD
by Dexter_The_Trader
BTCUSDT.1DBased on the provided market data, the current price of Bitcoin (BTC) is $36,095. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 50.06, 68.12 and 74.52 respectively. RSI value above 70 usually indicates that the market is overbought and may be primed for a trend reversal or experience correction, so BTC is nearing that condition on the 1 day and 7 days charts. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are -221.37, 1475.98 and 2014.21 respectively. The negative MACD on the 4-hour chart suggests the market is bearish in the short term, while positive MACD on the 1 day and 7 days charts indicates bullish in the longer term. The Bollinger Bands (Bb) for 4 hours, 1 day and 7 days are 37836.0, 37582.0 and 36840.0 respectively. The price is currently below the upper band in all three periods, indicating it's not overbought. The supports for 4 hours are $35,380, $34,128, and $33,355, while the resistances are at $37,960, $38,936 and $40,000. For the 1 day period, the supports are at $33,400, $32,158 and $30,000, with resistances at $38,000, $42,880 and $40,500. For the 7 days period, the supports are at $29,630, $25,177 and $22,860, with resistances at $40,500, $44,800 and $48,000. In conclusion, the market data suggests a mixed signal with short term bearish and long term bullish trends. The market is nearing overbought conditions which could lead to a price correction. Traders should exercise caution and consider their risk tolerance and investment objectives before making a decision.
by MarsSignals
Bitcoin Idea - BTCUSDT and BTCUSDHey, fellow traders, Let's delve into the intricacies of the Bitcoin price chart, dissecting the recent market movements with a keen eye on technical analysis. Here's a comprehensive overview: 1. Preceding the ascent to the $40,000 threshold, the market witnessed a corrective phase, experiencing a pull-back to the $34,000 level. 2. Post the retreat to $34,000, there exists a conceivable scenario where the price undergoes a neutral fluctuation within the $33,500 to $34,500 area, persisting for a duration of either 24 or 48 hours. This is attributed to two key factors: A. Fundamentally, the market's trajectory is influenced by multiple factors, from US news and developments these days to Black Friday 2023. B. In a speculative sense, this could serve as a respite for bullish traders, paving the way for a robust upward movement, aiming to breach the resistance at $38,000 and achieve a historic milestone at the psychologically significant round number of $40,000. In the realm of technical analysis, terms such as " pull-back" and " neutral fluctuation " are indicative of corrective phases and consolidation, respectively. Traders should remain attuned to these dynamics, incorporating them into their strategy to navigate the evolving market conditions. Stay vigilant and trade wisely . Arash COINBASE:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSDT 🚨 Heads up! what you're about to read is my take on the market. It's a mix of my own experiences, some real trades, and general observations based on what's out there in the public domain and historical data. The disclaimer: I'm no financial guru, so whatever moves you make in the trading world are totally on you, my friends. ✅ Got queries or suggestions? I'm more than happy to chat about any currency pair or index in Crypto Market or Forex that's tickling your fancy. Let's decode these markets together! 📈✨
by Arash-RK
Bitcoin - A Small Or Big Pullback?Bitcoin has had an explosive month of price discovery, as over the course of the last four weeks we've climbed above our previous consolidation range and reached new yearly highs. Data from Glassnode indicates that we are still in the third wave of investor accumulation. Research has shown that in all previous market cycles, there was a pattern of Bitcoin accumulation. 1. The first wave occurs shortly after the All-Time High of Bitcoin in a Market Cycle, when price rapidly moves away (down) from that high level. 2. The second wave occurs during the depths of the Bear Market, when the price floor for that cycle is being discovered and tested. 3. Third third wave occurs after the cycle bottom, when prices begin ticking up in anticipation of the Bitcoin halving. It's important to note that in the last market cycle, there was a significant correction following the third wave of accumulation, which ultimately led to prices trending down until March of that year of the halving. Bitcoin has currently reached a High-Volume Node on our Volume Profile, indicating that this is an area of heavy potential supply or selling pressure. Our Senior Analyst Alexander had originally called for a $35,000 top for Bitcoin prices in 2023. Putting this together, we notice that a large gap was created in Bitcoin's price movement over the last four weeks. We anticipate a good chance for a short-term reversal to re-visit those price levels. This will give us an opportunity to gauge whether: 1. Bitcoin establishes previous resistance as support, and ranges in anticipation of a further breakout. 2. Bitcoin fails to establish previous resistance as support, and decisively breaks back down into a previous trading range. Conservative traders can consider taking profits on BTC long positions, and waiting for confirmation of flipped resistance before establishing a new tranche of long interest. Should Bitocin break previous resistance, we reccomend short-selling positions into the end of the year and potentially much of Q1 '24. Aggressive traders can also consider taking profits on BTC long positions, and establishing short-positions early, whether just for the re-test of the Fair-Value Gap, or to attempt to time the big swing of Bitcoin's correction.
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BITSTAMP:BTCUSD
by CrackingCryptocurrency
27
3 Scenario Outcome for BitcoinSpeculation is just that, only speculation. Ideas to guide your trading and/or investing journey. I put a good amount of time in researching and charting over the last year to specifically develop this thesis. I hope you enjoy and please like and share, even if it's to ridicule my analysis! With that said, it looks like there are three scenarios that are 'most' likely to play out over the next 2 years: Scenario 1: Worst case (Red Path). Bitcoin ETF's are denied and/or a major market crash happens beginning Dec '23 or Q1/Q2 '24. Targets are the lower channel back at bear market bottom, the Value area low (Blue) & nPOC (naked point of control sitting above VAL) or below, to include CME gaps of a. 20.3k b. 9.7k & c. 3k at the very worst. 12k bears will rejoice. I for one will be selling the farm and my first born at 9k or below. Scenario 2. Bitcoin ETF delays (Orange Path). The range continues with a top off near the Macro VAH at about where price stands as of today, 11/11/23 @ 37k-39k. Price would most likely seek to validate back to fair value at 32k, and then retest down to 20.3k for the CME gap fill creating one of the most powerful patterns as an inverse head and shoulders. Given the channels, this seems the most likely with an upside target to the VAH again near dump of April/May '22 and now resistance at 48k. Target is summer of '24. Scenario 3. Moon boy status (Green Path). This means the Bitcoin ETF was approved prior to any fundamental problems (ie FTX 2.0, WW3, declared depression, etc) and no need to wait for price to come down past 32k, possibly ever. B. There is the possibility of a priced in ETF scenario that allows for the channel to stay valid. In this case, if price action does not moon over 48k up to ATH's, it likely sets a re-accumulation zone above 48k, playing within the upper channel, with a last dip into the 30k's before we see ATH's. Either way, Bitcoin is ready to rock and roll. Now to the less juicy part of this bull run. Give the diminishing returns as most assets have as they age, it looks like 100k is going to be the biggest and baddest of all resistance from a percentage standpoint. Gone are the days of 33k% gains. From the top of each market cycle to the next top we go from over 1k% to now 250-ish% last cycle. Here's where I 'm at from a charting and fundamental stance: Bitcoin gets a 44-54% blow off top (Shown in price range) from previous ATH's up to 100k-ish. If it's more, great, sell because you've been stacking or you're long. Buy your lambo, more power to you. However, given the current M2 issue, loan maturations (refinancing in '25 from 2.9% to almost 5%) as well as the overall credit and savings crisis, Bitcoin's blow off top could be in the 80-88k range. That would put the total market crypto cap at ATH's of 3.5-4 Trillion range. If Chairman Powell decides to turn the printers on for 2025, then some of the moon boi's out there may see 150k, so we all win anyway from a plebs perspective. #Stackon
INDEX:BTCUSDLong
by Zseries33
2
Important Bitcoin Update: Must read.Hello Traders, BTC has experienced some recent volatile movements, causing concern among many in the trading community. In this update, I'll provide an analysis of the possible BTC scenarios. 1. The breakout above the resistance trendline, marked by a substantial green candle, appeared unsettling. This was followed by a significant red candle, as illustrated in the chart. 2. A correction seems imminent, not just for Bitcoin, but for the entire market. I continue to anticipate this correction. 3. Currently, BTC finds support at $35k and $36k. If it drops below the $35k support level, it may necessitate a reevaluation of the chart using a different timeframe. 4. If BTC exhibits a positive movement from these support levels (a bounce), it could present an attractive opportunity for buybacks or re-entry. Note: It's essential not to succumb to FOMO (Fear of Missing Out) while trading. Prior to investing, comprehensive research is crucial. Please refrain from regarding this as financial advice, and don't rely solely on this update. Equip yourself with a solid understanding of trading to ensure a safer journey. We appreciate your valuable time. Warm regards, Team Dexter.
KRAKEN:BTCUSD
by Dexter_The_Trader
Important analysis of Bitcoin price in daily timeBitcoin is gathering liquidity to capture the momentum of the big drop. Price is completing its reversal pattern and pulling back to its broken $40,000 support. Bitcoin gives its support at $15,000 and the eng DP on the left side of the price confirms this. But at the moment, no turning signal has been issued to me and I am waiting for confirmations for the price to return from the dangerous red range. Whales are on sale. Not financial advice
BINANCE:BTCUSDShort
by fiftytwohertzwhale
2
Potential Path To $150k+ Bitcoin in 2024Here's my revised "Potential Path To $100k+" chart, adding in new factors that further point to the higher Fibonacci targets. Similarly, the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... Worth noting - see chart. The following factors show 3 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 - (We know this is happening, just not sure when). 2. QE Money Printing To Pay Down US Debt - (The US won't have a choice. Other countries are). 3. Bank Failures, Bank Runs & Transfer Into BTC - (More regional bank failures are happening). 4. Hyperinflation & De-Dollarization (BRICS) - (We haven't seen effects yet, but likely coming). 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). 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 FWB: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 FWB: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! What do you think??
COINBASE:BTCUSD
by BrettFogle
BTC Trade IdeaBitcoin BTC is currently overextended and trading into a key resistance level. Entering long at the current price would be at a premium and high risk in my opinion. I would be looking for a buy opportunity if this retraces down into the 61.8 fibo range. TP 2/3 off at 1:1 RR and this is in the $. My bias is bullish, however not at the current level. Your comments would be appreciated. Also, a big thank you to everyone who has been boosting my trade ideas, I am forever grateful.
OANDA:BTCUSDLong
by tradingwithanthony
7
Celebrating BTC's Remarkable Performance - Time to Long Bitcoin!Over the past few months, Bitcoin (BTC) has proven its mettle by outperforming Ethereum (ETH) by a staggering 20x! Yes, you read that right - an extraordinary twenty times! This remarkable achievement has left the trading community buzzing with excitement and presents an incredible opportunity for those who seek to maximize their gains. Bitcoin has always been the trailblazer in the world of cryptocurrencies, and this latest feat only solidifies its position as the undisputed leader. Its unrivaled performance has not only captivated seasoned investors but also attracted a new wave of enthusiasts looking to ride the wave of success. Now, you might be wondering, "What does this mean for me?" Well, my friend, this is the perfect moment to consider long positions on Bitcoin. With its unparalleled growth trajectory, BTC promises to be a lucrative investment opportunity for those who seize it. By going long on Bitcoin, you can potentially amplify your gains and capitalize on its extraordinary performance. Don't let this incredible chance slip through your fingers! Join the ranks of astute traders who are already reaping the rewards of Bitcoin's unstoppable ascent. Whether you are a seasoned investor or just starting out, now is the time to take advantage of this golden opportunity. To help you make the most of this exciting development, we have curated a collection of expert insights, market analysis, and educational resources on our platform. Access these resources to deepen your understanding of Bitcoin's potential and refine your trading strategies accordingly. Remember, success favors the bold, and this is your moment to shine as a trader. Embrace the positive energy surrounding Bitcoin's exceptional performance and let it fuel your determination to achieve new heights in your trading journey. So, my fellow trader, let's embark on this exhilarating adventure together! Long Bitcoin and set sail toward a brighter, more prosperous future.
BITSTAMP:BTCUSDLong
by bryandowningqln