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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
BTC another drop or growth is coming ?BTC / USDT Welcome all for my new BTC analysis, After a long boring period of low volatility price made a big move yesterday with more than 800M liquidation ‼️ ,so lets jump to the analysis, The Price dropped hard after losing the bullish dotted trendline to finally reach the weekly demand directly and also the moving average so this is strong support ✳️ What next ? After a few consolidations We see upcoming bullish wave (or a bounce)That can visit 30k again The invalidation: losing 24k ❌ ✳️ Summary: 1- saving 24k => 30k 2- Losing 24k => another drop and closest target is 20k or even lower Don’t forget to like this idea and follow for more analysis/ signals, Have a good day
Long
by Babenski
48
✨GRAYSCALE WINS AND BITCOIN ETF! ✨ ✨ Absolutely amazing news here with the ruling by the D.C Circuit having ruled in favor of Grayscale in it's lawsuit against the SEC for the SEC's decision to deny Grayscale's conversion to an ETF successfully paving the way for Grayscale's filing/ETF petition to be reviewed. ✨ This amongst a series of losses and hard hits for the SEC the past few weeks has been shocking, no doubt casting doubt upon the SEC's decisions and reasonings with the Judge pointing out the fact that the SEC did in fact not offer any explanation or reason for why Grayscale could not file an ETF/go through with the conversion. ✨ This of course doesn't mean or give a 100% confirmation of Grayscale being successful with the Bitcoin ETF, but the ruling alone in itself is a huge achievement and will allow Grayscale to get another chance basically, and this time the SEC can't slap them away or deny the review. ✨ Such is the reason behind the big move up we've had today across the market with Bitcoin and XRP leading the way as whales jump back in amongst the positive news/outcome which had been weighing on the market considering Grayscale alone manages over $14 billion in assets and holds $643,572 BTC as of currently which definitely holds a lot of weight in the market. cointelegraph.com ] cointelegraph.com ✨ I'll leave the idea there for now but I've attached a link to an article below by Coin telegraph which should help explain more things about the ruling in detail for those of you that would like to read in more but regardless it's very positive and I'm happy with things of course. ✨ Thanks for joining me as we go about our crypto journey, not just as one, but together. It's not always easy but days like this really help ease the mind sometimes. Feel free to leave a like or follow, never hurts and always helps. Thanks and all the best! ~ Rock '
BITSTAMP:BTCUSD
by Rocksorgate
1
BTC forecast | JPM analysts foresee a stabilizing crypto marketAfter the last price target was reached: Now per a Bloomberg report, analysts from JPMorgan Chase, including Nikolaos Panigirtzoglou, have recently published a research note indicating that the cryptocurrency market is poised to find stability in the coming time. The report attributes this prediction to a reduction in the open interest of CME Bitcoin futures contracts, a typical sign of a diminishing price momentum. The analysts are of the opinion that the recent downturn in the cryptocurrency market, marked by a nearly 12% decrease in Bitcoin's price over the last fortnight, is approaching its conclusion. In the past, when banks were pessimistic about crypto, it was a good time to buy. When they are optimistic, they aim to trap retail investors at higher prices. I don't foresee a stabilization in the price of Bitcoin until it reaches a stronger support, such as $23,900. Looking forward to read your opinion about it.
Short
by TopgOptions
#Bitcoin - thoughts out loud #4Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! Local distribution is not yet complete. After a sharp price drop, the instrument generates a margin. There is no culmination of sales, so the possible momentum is even lower. If there is no final impulse, then an upward movement is inevitable. The mood is positive, waiting for the asset to gain. Thank you for your attention, and a special thanks for your likes and comments. Sometimes you win/sometimes you learn. #Bitcoin
by WVitalievich
8
Sweep the Leg Cobra Kai? Weakness showing on HTF now, losing Key MA. I'm still macro bullish, but how many would be prepared for a dive down into some lower swings/supports? Potential is there if we dont start reclaiming some LTF moving averages and soon. Wouldnt be surprised to see a small push up, catch some late longs out and drive them down for squeeze - seeing alot of narrative behind ETF , which if delayed will only drive the impatient away. Liquidity below, how could see many puke positions in the very late $teens only to see full reversal for a deviation play. time will be my only judge. reclaim of Daily MA for me to re-assess my bias.
Short
by bit_general
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 fxtraderanthony
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