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Bitcoin: Timing the Bull Market with EMA120Simplicity makes the perfect. The Exponential Moving Average (EMA) is a key technical indicator used by investors and traders to identify market trends over a specific period. When it comes to Bitcoin, the EMA120 level has proven to be a significant indicator of long-term trends. A breakout above this level could signal a strong upward trend, making it an ideal time for investors to consider entering the market. For conservative investors, buying Bitcoin above the EMA120 level can be a safer strategy. However, for those willing to embrace more risk, longing Bitcoin at this point could potentially yield higher returns. Despite the current low price of Bitcoin in the overall cycle, it's important to remember that we may not see a return to prices around $16,000 unless there are unforeseen 'black swan' events. These unpredictable occurrences can significantly impact the market and cause drastic price fluctuations. Earlier this year, Bitcoin has attempted to break out above the EMA120 level but failed, returning to the level of the previous neckline. However, this doesn't mean that the opportunity has passed. On the contrary, when Bitcoin's price returns to the EMA120 and successfully breaks out again, it could be the ideal time to invest for the long term. Patience is key in this scenario. Waiting for the right moment to come! *One strategy: Buy now, long at EMA 120
BITSTAMP:BTCUSDLong
by jenniferguo7867
BTC Bitcoin Update Technical Analysis and Trade IdeaIt's evident that Bitcoin has been consolidating over a period, establishing substantial liquidity both above and below the current range. The recent sharp downward movement has captured my focus. In the video, we examine a potential trading concept contingent upon the unfolding of specific price action scenarios. We delve into the prevailing trend, price action dynamics, market framework, imbalances, liquidity considerations, and various vital components of technical analysis. Just as usual, all details are thoroughly elucidated in the video; however, it's important to emphasize that this content should not be interpreted as financial counsel.
OANDA:BTCUSDLong
by tradingwithanthony
13
Is BTCUSD low at 28477 going to hold and become a W bottom(3)This is in reference to our previous ideas of looking at a potential entry on 4h and daily timeframe to capture a weekly Phase 1 turning point. The rationale is based on our smart money framework and indicator. The last weekly potential bottom has not held and price is going further down. Lets wait and see if this week's bottom holds. Our first point of consideration is when the 4h or the daily bottom confirms by the SMI backed by VSA. The critical level to observe is 24756 as in the chart image. if that is broken,trend changes and it will be a downtrend. Refn images and links from our previous ideas are as below.
BITSTAMP:BTCUSDLong
by masterthemarkets2010
Bitcoin:Monthly chart ViewHi guys. Hope you have had perfect trades. In this idea i will share you some TA perspectives about Bitcoin Longterm reactions according to historical datas. As you can see each time the price reached the MA50 , made a trough below it and then come back above. Now we can se in Monthly chart that after price shaped a Bottom under MA50 , it tries to come back above with a Bullish Engulfing pattern. after that we surpass MA50 with another white candle and now , Unfortunately we have some frauds in market. (China Evergrande Group bankruptcy and Tesla sold millions of BTC). So in my opinion after a few weeks , Bitcoin start to continue its smoothed run and go towards 36000. its the level we will see at the end of 2023. after that... Lets see what will happen and dont predict far futures :) If you like my opinion please tell me yours in comment. Thank you all my friends
BNC:BLXLong
by TraderAmin-KZ
6
Urgent Update: BTC Faces Critical DecisionBitcoin (BTC) is standing at a crucial crossroads, where significant trend lines intersect with a vital support line. This convergence raises the possibility of a bearish movement. Traders are closely monitoring this critical point, as it could mark a significant change in BTC's price trajectory. The intersection of these trend lines hints at a potential alteration in BTC's price behavior. Experts are cautious about the outcome, indicating that this intersection might result in a decline in value. The presence of the support line, recognized for preventing substantial price drops, adds gravity to the potential downward direction. Notably, there's a projection that BTC's price might decline to around 20,000 USD.
Short
by VanRojasCapital
BTC Whale deposited 4,451 Bitcoin on Binance equivalent to $133MThe recent significant whale move in the Bitcoin market, particularly involving the address 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL, raises concerns about potential downside risks for the cryptocurrency. Here are the key factors that might signal a bearish outlook for Bitcoin: Market Manipulation Speculation: The sudden deposit of 4,451 BTC (worth $133,689,815 USD) to Binance from the address 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL suggests large-scale movements by a single entity, commonly referred to as a whale. Such significant transactions can trigger speculations of market manipulation, as the actions of whales can influence Bitcoin's price in the short term. Traders and investors may become wary of sudden price swings and might choose to stay on the sidelines, leading to increased market volatility. Potential Sell-Off Pressure: The fact that the address 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL is currently holding 15,604 BTC (worth $467.84 million USD) raises concerns about a potential sell-off. If the whale decides to liquidate a substantial portion of its holdings, it could exert significant downward pressure on Bitcoin's price. Large-scale sell-offs often trigger panic among retail investors, leading to cascading price declines. Increased Uncertainty: Whale activity of this magnitude can create uncertainty among market participants, particularly regarding the future direction of Bitcoin's price. Investors may question whether the recent price appreciation is sustainable, and concerns over the potential for a market correction could lead to reduced buying interest. Heightened uncertainty may result in decreased trading volumes and overall market sentiment turning bearish. Regulatory Scrutiny: Large-scale whale activity in the cryptocurrency market can attract regulatory attention. Authorities may closely monitor such transactions for signs of market manipulation or illegal activities. Any regulatory intervention or negative statements could add to the bearish sentiment surrounding Bitcoin, leading to price pullbacks. Potential Chain Reaction: Whale moves of this magnitude often spark chain reactions, as other market participants observe the actions of major players and follow suit. This could lead to a domino effect of selling pressure, exacerbating the downside risks for Bitcoin. For now I`m bearish on BT Bitcoin. Looking forward to read your opinion about it!
Short
by TopgOptions
4
#Bitcoin - thoughts out loud #07Good evening , we are from Ukraine! I expect further depreciation of the cryptocurrency market. But if we see the strength of the buyer at the price of 25k, we will break through local highs. But judging by the current situation, the chart shows weakness. That is, after exiting the trading range (breaking through local highs), we correlate the spread to the volume, which indicates a narrowing of the spread and a decrease in volume several times. For further upward movement, we need new forces. At this time, they are absent. Thank you all for your attention, I wish you success . Sometimes you win /sometimes you learn . #Bitcoin
B
by WVitalievich
BTCUSDTThis is a 1D frame analysis for BTCUSDT As you can see, due to the negative news, the price was unable to remain on our static support and was pressured by excessive selling, causing it to break through our support zone and the price is currently fluctuating at the 24125 level. We have two scenarios for the price in mind. We will review both Bitcoin scenarios. Scenario 1: Taking into account the break of the support line that is currently playing a supportive role for us, the price will move towards that line and pullback to it. Scenario 2: We expect the price to remain on this zone and with the attraction of capital it can bring itself back to our first resistance zone. However, if the price is unable to establish itself above the support line and break through it, we expect a further price drop. Suggestion: Those who wish to take risks can half buy at this zone and wait for the other half either if the price establishes itself above the R2 zone or if the price goes to our second support zone which can be attractive for holders.
by MarsSignals
BTCUSD Hello everyone, Attached you will find my view on the BTCUSD pair, with a 12-hour timeframe. As you can see, the trend is bearish and increasingly resembles a distribution pattern. We are nearing the end of a 6-month cycle, from the low recorded in November 2022. And 300 days after the unfortunate event with the Terra Luna crash. There have been other events that have taken us below Bitcoin's old ATH for the first time in history. We won't mention them now. Our goal is to intuit the trend for the next period. Measured from the November low, those who were inspired to buy at $15,800-$16,200 have a good profit of around 80%. On a 3-day timeframe, it seems that we are facing a confluence of resistances, plus an important Fibonacci level (measured from the November 2021 ATH to the November 2022 low). We also have an MA377 at this level + a number from the Fibonacci sequence: 28,657. s3.tradingview.com () s3.tradingview.com () The Fear and Greed Index is at 62% and the sentiment is very bullish. All these details do not lead to the scenario that in these days (2-4 days) we will have to deal with a correction. And we will collect liquidity from the $24,000-$26,000 area. We appreciate your feedback.
BITSTAMP:BTCUSDShort
by CriptoPedia
2
BTC Bitcoin | SEC Delays Approval Of Ark’s Revised Bitcoin ETFThe approval process for the Ark 21Shares Bitcoin ETF listing on BZX has been delayed by the US Securities and Exchange Commission (SEC). The SEC has initiated a postponement of its decision and has also introduced a 21-day window for the public to provide comments. This delay is noteworthy as it represents the SEC's inaugural instance of extending the timeline for the newest set of applications for Bitcoin spot ETFs. This situation could potentially foreshadow a comparable near-future outcome for other competing applicants. Because of the arguments above and the lack of volume, I expect to see a retracement to $27500. Looking forward to read your opinion about it!
Short
by TopgOptions
2
Bitcoin's Recent Quieting: A Calm Before the Storm or a Shift...Bitcoin's Recent Quieting: A Calm Before the Storm or a Shift in the Wind? After surging to impressive heights in July 2023, Bitcoin has embarked on a period of subdued selling for the past five weeks, inviting intrigue and speculation within the cryptocurrency community. The once-fiery volatility has simmered down to levels reminiscent of the heady days of 2017, signaling the potential for a substantial price movement on the horizon. As the stage is set for a dramatic turn of events, it's worth considering the historical echoes that might shape Bitcoin's trajectory. Before the Bitcoin bulls can confidently sound their triumphant horns, a word of caution hangs in the air – the impending move could swing in either direction, and the annals of history have often repeated themselves. Casting our minds back to 2017, a time when Bitcoin bulls propelled prices to exhilarating new summits, a similar pattern unfolded. As volatility waned, prices tumbled by an approximate 50%, only to reignite their upward march in the long term. Such historical resonances could indeed reemerge now, with the specter of bearish forces looming on the horizon. While the cryptocurrency market is no stranger to outsized gyrations, the absence of a fresh long-term catalyst to catapult Bitcoin to new heights cannot be ignored. Amidst this climate of uncertainty, a formidable obstacle looms at the 30,000 level, posing a significant hurdle for the bullish contingent. However, all is not lost for the proponents of the Bitcoin rally. Enter the prospect of a deteriorating US Dollar – a beacon of hope for the bullish camp. As the greenback's strength wanes, Bitcoin could seize the opportunity to ascend, garnering momentum in the process. But the outlook remains murky, with the ominous cloud of a potential equity market sell-off casting its shadow. This looming threat, coupled with comments from certain US Federal Reserve officials hinting at potential interest rate hikes, paints a complex picture. While at least two more interest rate hikes from current levels are being discussed, the fluidity of the situation renders any predictions tentative. The constant tug-of-war between recession risks and economic stability adds further layers of intricacy to the tapestry of possibilities. A recession-induced downturn in the US Dollar could serve as a bullish tailwind for Bitcoin, yet this very scenario could also spell trouble for the economy and equity markets, dampening the overall bullish sentiment. In this landscape of uncertainty, the perpetual dance between the bullish and bearish forces takes center stage, paving the way for a continuation of the current low-volatility price action, weighed down by a bearish bias. As traders and enthusiasts hold their breath, awaiting the storm or shift that will inevitably come, it's clear that the cryptocurrency arena remains a realm of unpredictable twists and turns. Ultimately, the fate of Bitcoin rests in the hands of a myriad of interconnected factors, from macroeconomic trends to geopolitical shifts. While the bulls eagerly anticipate a triumphant resurgence, the bears lie in wait, ready to seize any opportunity for a downward slide. As the stage is set for the next chapter in Bitcoin's saga, one thing is certain – the journey ahead promises excitement, uncertainty, and the potential for substantial rewards and risks alike.
Long
by FOREXN1
18
#Bitcoin - thoughts out loud #18Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! 30,000 was successfully reached, albeit with a slight delay. The graph shows the effort result and the volume. In the future, I expect a correction with a possible resumption of the upward movement from certain price levels. I'm targeting 29000-29100 because we need a successful test, in other words, the last point of resistance. Under other circumstances, a drop lower is possible. Thank you for your attention, and a special thanks for your likes and comments . Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
btc/usdt#Bitcoin Update: In the complex world of financial markets, patterns emerge in the form of "impulse" and "correction" waves. Currently, #Bitcoin is constructing its initial wave, indicating potential upward movement. Our analysis predicts a short-term decline followed by a strong buying opportunity. Our team foresees a strategic entry point for savvy traders. To enhance your trading potential and ensure secure transactions, We provide professional fund management and trade execution services. Want to amplify your trading success? Ask us how we manage both your funds and trades, minimizing risk and optimizing returns. Join us on this journey of profitable trading opportunities.
COINBASE:BTCUSDLong
by oraclpips