Bitcoinlong
BTC back to Bullish Flag top at 67kWith the 9/18 rate decision already behind us, its time to consider the alternative to the "Rate Decision will crash Bitcoin" narrative and look to the alternative: Bitcoin will trade higher towards the top of its descending flag at 67K with the real chance to crack 70 and head back to a new ATH over the coming weeks.
A series of positive articles throughout the market seem to be lifting BTC as well, and the fear and greed index is perfectly poised as well.
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From a technical perspective, we also have VWAP support around 58K with a lot of volume behind it. It will be very interesting to see if BTC can start to pick up steam and finally break out of this flag pattern that has been building since March.
Bitcoin (BTCUSD) LONG Trade Setup Targets + SL UPDATEDBitcoin (BTCUSD) LONG Trade Setup Targets
Got a clear LONG trade entry at $59,059
Stop Loss at: $58,250
Trailing Stop Loss at: $59,200
Total TP1, TP2, and TP3 done!
Almost touched the TP4 target.
Overall a good LONG trade on the 4h time frame.
I always trade crypto in the 4H time frame, it is my personal preference. Gives me more peace of mind.
Sep 19, 2024 Short term bitcoin analysisBitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency has broken up through resistance at points 61400. This predicts a further rise. In case of negative reactions, there will now be support at points 61400. The currency is assessed as technically positive for the short term.
Sep 18, 2024 Short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approacing resistance at 61400 points, which may give a negative reaction. However, a break upwards through 61400 points will be a positive signal. The currency is assessed as technically slightly negative for the short term.
#Bitcoin's long-term road plan!-396 days Processed Between 2013 High and 2015 Bottom!
-365 days Processed Between 2017 High and 2018 Bottom!
-365 days Processed Between 2021 High and 2022 Bottom!
-1065 days processed between 2015 Bottom and 2017 Peak!
-1065 days processed between 2018 Bottom and 2021 Peak!
-1430 days Processed Between 2015 Bottom and 2018 Bottom!
-1430 days Processed Between 2018 Bottom and 2022 Bottom!
If the 1065 model is processed between 2022 Bottom and 2025 Peak, I think we will see a local peak in October.
If the 365 days Model is processed, I think we will see a 2025 Peak in October and a 2026 October Bottom.
I will be grateful if you appreciate...
I am ALL IN BITCOIN BTCUSDTSignal:
Green on 1st Ribbon for the second time
Green on Background Ribbons
High Probability to see New High of all time, so I have invested all of available fund - I am ALL IN.
As expected on my last post - 1ST signal, #BTCUSDT has done the 1st wave, now the 2nd signal appears.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Sep 17, 2024 Short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is testing support at points 58000. This could give a positive reaction, but a downward breakthrough of points 58000 means a negative signal. The currency is assessed as technically neutral for the short term.
You might be too optimistic about #BTC!Investors are hopeful that risk assets like Bitcoin could see strong gains if the Federal Reserve cuts interest rates by 50 basis points instead of the previously anticipated 25 basis points.
However, Bank of America (BofA) urges caution. They recommend not overreacting to any initial market reaction after the Federal Reserve's September meeting. According to BofA, the real focus should be on the Fed’s dot plot, which could have a bigger impact than the actual rate cut.
BofA expects the Fed’s dot plot to show higher interest rate expectations than what the market is currently predicting. Despite this, they believe Fed Chair Jerome Powell will maintain a more cautious, or "dovish," tone in his comments.
What is the dot plot?
The dot plot is a chart that shows where each Federal Reserve member thinks interest rates will be in the coming years. Each dot represents one member’s view. It's a useful guide for understanding where the Fed members sees interest rates in the future.
BTC Fractal suggests bottom is in, with a flagpole to $90k+
In this chart, we are looking at a clear fractal pattern, which has been unfolding in a bullish structure. After a significant rally post the April 2024 halving, Bitcoin entered a consolidation phase, which is visually highlighted by the yellow channel on the right side of the chart.
Key Observations:
1. Bullish Flag Formation: We see a clear bullish flag structure following the sharp rise. Bitcoin has moved within this flag (marked by the yellow lines), indicating a healthy consolidation after the rapid ascent. This kind of price action often signals a continuation of the previous trend, which in this case is bullish.
2. Historical Fractal Patterns: Similar consolidation patterns (circled in purple) occurred in previous cycles, as seen in 2023 and prior. Each of these consolidation zones eventually broke to the upside, leading to the next leg higher. The current price action mirrors these past structures, suggesting that BTC could break out soon.
3. Volume Contraction: As we approach the end of the flag, volume has contracted, which is typical before a breakout. This is a classic sign of accumulation as sellers lose momentum and buyers prepare for the next move.
4. Breakout Potential: If BTC breaks above the upper boundary of the flag, we could see a swift move toward the $80K range, with the possibility of even higher targets beyond that in the next leg up.
Next Steps:
• Watch for Breakout Confirmation: A breakout above the upper yellow line with increasing volume would provide a strong signal that Bitcoin is ready for its next rally.
• Target: Once confirmed, the price projection based on the flag pattern would suggest a target around $90K+.
• Risk Management: In the event of a downside break, the lower boundary of the flag and the GETTEX:52K support level will be key areas to watch.
Bitcoin’s price continues to follow the 2016-2017 fractal pattern closely, and based on this historic model, the next few weeks could offer substantial gains for the bulls.
Bitcoin (BTC) - Steady Rise Sparks Cautious OptimismEarlier last week, disappointment around Trump's presidential debate performance led to MARKETSCOM:BITCOIN "selling the news,” dropping below $56K. This drop was anticipated on a technical basis, and the reaction was muted after higher-than-expected inflation figures on Wednesday were absorbed.
Markets were initially anticipating a 25 basis point rate cut from the Fed. However, recent data has shifted expectations towards a potential 50 basis point reduction. This change has added to Bitcoin's short-term uncertainty, as traders may be gearing up for a more significant cut. A rate cut @ 25 basis points could lead to a short-term sell-off as traders re-adjust.
Nonetheless, Bitcoin's consistent upward movement this week has led to a shift in sentiment to "cautiously optimistic." Prices are significantly improved compared to the levels observed when Bitcoin was hovering around the 53K mark.
With that in mind, this should be the level to bid if one considers the BMS and the current importance of staying above the mid-$56K range.
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The key level for the entire market is critical. I would welcome a retest of the $42-44K range if September sees a downturn. For now, this is the level to target if you're bullish. A break below this range would shift my outlook to bearish, with the target previously mentioned in mind.
In the event of a breakdown, we need to see a V-shaped reversal to counteract the bearish trend. Without a strong reversal, expect bearish market conditions for the next six months.
BTC Bitcoin In-Depth Analysis and Trade Idea👀 👉 Navigating Key Market Levels with Bitcoin
Bitcoin (BTC) has broken market structure to the upside. On both the daily and 4-hour charts, we see a pullback into equilibrium, offering a potential buying opportunity. In this video, we dive into market structure, price action, and, most importantly, the trend. We also discuss how smart money has been targeting stop losses recently. The goal is to set up a trade that minimizes the risk of a stop run without compromising our risk-to-reward ratio.
*Disclaimer: The information shared in this video is for educational purposes only and does not constitute financial advice. Always perform your own analysis or consult a financial advisor before making trading decisions.* 📊✅
BTCUSD - BULLISH.Bitcoin looks interesting (well at least to me). It seems that it is ready to go in a bullish run. Waiting for opportunity to go bullish once price pullback to the 58,800 area. Immediate target is around 61,200 area and larger target is around 65,000.
Like and follow if you agree with this idea. Happy profit day!
Bitcoin BTCUSDT Long Opportunity when Breaks Through 58000Signal:
Green on 1st Ribbon
Green on Background Ribbons
Bitcoin may have found strong support, High Probability for a good Long Opportunity if it breaks through 58000 - a valid breakout
Target-1: 63500
Stop-Loss: 56300
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Will Today's CPI Report Ease Crypto Pressure Post-Debate?Macro theme:
- Fears of a global recession are weighing on Bitcoin as a risky asset, though the US economy remains on track for steady growth.
- Investor engagement with exchanges has decreased, with lower trading volumes reflecting reduced interest.
- Bitcoin's recent gains were impacted following the first debate between Donald Trump and Kamala Harris, with odds favouring Harris.
- All eyes are now on today's CPI data; if inflation falls as expected, a short squeeze could ease the recent price pressure.
Technical theme:
- From a 4-hour chart perspective, BTCUSD is hovering around EMA21, indicating that the sideways mode persists. EMA21 has not crossed up EMA78 yet to create a complete shift of the current sideways structure despite that BTCUSD broke its previous descending channel.
- If BTCUSD extends its gain beyond 58200, the price may continue to reach the psychology level 60000.
- On the contrary, if BTCUSD breaks below 55660, the price may retest the 54600.