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We won't see prices below $17k again leading into 2024 HalvingWe start our fibonacci retracement from the start of Covid in March 2020. The 50 MA maintained above the 500 MA until roughly a year ago in February 2022, where it confirmed a "Death Cross". This was leading right into the 2 year anniversary of Covid and the start of an aggressive series of Fed rate hikes. A year later, we have hit rock bottom and hopefully many of you were able to accumulate below the .786 fibonacci retracement level ($17,720). We are now in a position where the 50 MA has already confirmed a "Golden Cross" with the 200 MA. The 50 MA is now approaching the 500 MA which will secure the long term zone above the $20k support line leading into the halving of 2024. To understand the bigger picture of what is happening, the last time the 50 MA formed a "Golden Cross" with the 500 MA was in August of 2019 (leading up to the halving event of 2020). Once again, we are approaching another 50 MA "Golden Cross" with the 500 MA leading up to another halving event. Keep you eyes on this area long term. All of the indicators from the start of 2016 are pointing in a long term up trend and is setting up perfectly for another halving event (2024).
BITSTAMP:BTCUSDLong
by Darthstrukt
7
We have "reverted to the mean" of 2017 (Long from here)If we go back to 2016-2017 and create the average trend line leading to present time (light blue line), you will see that the 100D MA has bounced off support and now making way to potentially forming a "golden cross" with the 500D MA. Obviously, we could see consolidation between the $20K and $30K range for quite some time, but in the long term we are still following the long term mean. I believe the light blue line will remain an area of safety (hardened support) and will continue the long term trend "up" following the 2024 halving. TLDR: We have already hit rock bottom.
COINBASE:BTCUSDLong
by Darthstrukt
1
BTCUSDT - will there be a breakdown of the 30000 level?A strong seller sat above the level of $28,470, and for 14 days it has not been able to gain a foothold with a single bar above this level. Local rollback from replay is very likely. To continue the growth, it is necessary to fix the higher level, but after 45% growth without corrections, it will not be easy to do this. Before lowering the price below, in my opinion, there should be a test of this level of $30,000-30,900 Despite the fact that we have a strong seller holding the price, I believe that this should happen, since there are a lot of Stop Losses collected at these price levels Not least important is that always before an aggressive drop, which is expected in the near future, there is usually a false pump, which removes liquidity to buy and rebalances the price - these are opportunities for opening short positions. Now I am considering two scenarios for the price development to $24,000: 1. After updating the short-term low ($27,500); 2. After updating the high of the previous month ($30,250);
Short
by JaegerB
The more liquidity, the more fuel BTC has to go upUSDT has been gaining more and more MarketCap and this liquidity is clearly helping BTC to continue performing. See that last move as the correlation is close. A lot of USDT entering the market. This means that it will be very difficult to stop BITCOIN. As long as this liquidity is present in the market, BITCOIN will continue to capture it and continue its parabolic rise. It's printed money that generates inflation being used to buy a deflationary asset, funny but it's real You are taking advantage of the pullbacks to buy. 🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that together with the community we can discuss tactics and operational techniques.
Long
by leandrosander_
BITCOIN (BTCUSD) - Week 11 - H12 AnalysisHappy St Patrick Day Folks! ▪️Last week Recap we were expecting BTCUSD to bounce off from the 20k price level, which it did. We had few scenarios in mind one of which was to go back up all the way to the 25k price level and reverse down from there for more ranging but after few days of working that price level, it finally broke through early this morning and BTCUSD is now trading above the 25K psy price level. Point to note: Last week closing candle (i.e. rejection from the downside with long wick) was a tell-tale sign on where price would be heading this week and maybe weeks to come. So always good to check your HTF (Higher Time Frame) candles once closed! ▪️This week analysis & potential scenario This move will be considered a true BO from a range that has spanned for many months if this price action is confirmed by a close on a HTF candle and/or if there is no “acceptance" back below the mid-20K price level. This week / today’s up move was very strong and so we believe it to be a true BO, i.e. price will very likely keep pushing to the upside rather than going back down below 25K key level to trade lower. However, we would anticipate some corrective move (pullbacks) when reaching key price / structure levels (28K ~27K), please see grey arrows for more details on potential scenario. That’s it folks for this week, hope you have a nice St Patrick weekend, and please trade with care!
BITSTAMP:BTCUSDLong
by financialflagship
BTC wants to DUMP more!!Crash still to come!!Bitcoin exited the rising broadening wedge or the parallel channel but the wedge is more valid. With the drop in price that happen yesterday , today it could continues and make a new extreme or just retrace it backup to the origin of the dump and consolidates there which could be a sign of bullish (0.09%) H&S still in play that I mentionedin previous video,Still room to dump to create the shoulder of the right side (~24.4) Liquidity obviously more to the downside but there is (~1600M) around 27.6 due to degen high leverage traders if you find this informative please Follow,Boost,Share,Comment
BINANCE:BTCUSD.PShort
by pcmonk
Bitcoin BTC Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My BTC Bitcoin Price Targets: BTC /USDT short Entry Range: $27100 - $27200 Price Target 1: $25000 Price Target 2: $23600 Price Target 3: $21600 Stop Loss: $29500
Short
by BuySellMarketMaker
BITCOIN - Diamond Pattern 💎Hello Traders ! The Bitcoin Price Broke The Daily Resistance Level ! The Broken Resistance Becomes New Support Level ✔ Currently, The BTC Price is in Diamond Pattern 💎 Now! we have 2 scenarios: 1- if the lower support will be broken, we will see a bearish move to 25300🎯 2- if the upper resistance will be broken, then we will see a huge bullish move to 29800🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
by Hsan_BenAhmed
3