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Bitcoin Leads the Charge: Bullish Signs Emerge Across Crypto MarA wave of optimism is sweeping across the cryptocurrency market, with Bitcoin (BTC) at the forefront. After a period of consolidation, bulls appear to be taking charge, sparking positive momentum not only in Bitcoin but also in altcoins like Solana (SOL) and Fantom (FTM). Bitcoin's Technical Analysis Hints at Upswing Technical indicators for Bitcoin are painting a bullish picture. The 20-day exponential moving average (EMA), a key indicator of short-term trends, has begun to turn upwards. This suggests a shift in momentum, with the path of least resistance now favoring an upward price movement. Further bolstering this bullish sentiment is the Relative Strength Index (RSI). This indicator measures the momentum of price movements and currently sits in positive territory. This indicates that buyers are in control and there's room for further price appreciation. Breaking Key Resistance Levels A crucial level to watch for Bitcoin is $68,000. If bulls can successfully push the price above this resistance point, it could trigger a retest of the formidable barrier at $72,000. Reclaiming this level would be a significant victory for Bitcoin bulls, potentially leading to a continuation of the upward trend. Bears Remain Vigilant However, the battle lines are not yet definitively drawn. Bears, the market participants who profit from price declines, are not ready to concede defeat. If they can successfully push the price below the 20-day EMA and the broader moving average support levels, it could signal a potential reversal in the current trend. A drop below $60,000 could then be on the cards. Beyond Bitcoin: Altcoins Join the Bullish Party The positive sentiment is not limited to Bitcoin. Several altcoins are also exhibiting bullish signs. Here's a closer look at a few: • Solana (SOL): SOL, known for its blazing-fast transaction speeds and scalability, has been on a tear lately. It's crucial to monitor technical indicators like moving averages and RSI to gauge its specific momentum. • Fantom (FTM): FTM, a smart contracts platform focused on scalability, has shown promising signs. Tracking its developer activity and ecosystem growth can offer clues about its future trajectory. A Word of Caution While the current market sentiment is encouraging, it's vital to remember that the cryptocurrency market remains highly volatile. Investors should conduct thorough research and due diligence before making any investment decisions. Opportunities and Challenges The recent bullish signs present both opportunities and challenges for investors. The potential for continued growth across the cryptocurrency market is exciting. However, the ever-present risk of volatility necessitates a cautious and informed approach. Conclusion Bitcoin appears to be leading the charge in a potential crypto market upswing. Technical indicators suggest a bullish trend, but resistance levels need to be overcome. Encouragingly, several altcoins are also flashing bullish signs, adding to the overall optimism. As always, investors should approach the market with caution and conduct their own research before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
From Inception to Present: Our Crypto Model's Trades to DateIntroduction In this idea, we'll analyze the performance of our crypto trend model by breaking down each individual trade made since it went live on 27th July 2023 . We'll delve into key market events that occurred around these trades and the run-up gains or drawdown avoidance achieved by the model. Trade Breakdown Short Signal - July 27, 2023 Trade Outcome : Date : July 27, 2023 Signal : Short📉 Market Context : Event : In July 2023, Bitcoin faced a significant resistance around $30K, leading to a sharp rejection and subsequent price drop. This resistance level was critical, and the rejection marked the start of a downturn​. Performance : The short signal successfully captured the decline, gaining almost 15% at it's climax on just Bitcoin alone. The model's entry just before the major resistance test was well-timed. Long Signal - September 19, 2023 Trade Outcome : Date : September 19, 2023 Signal : Long📈 Market Context : Event : By mid-September, Bitcoin found solid support around $25,000 after a volatile summer. This support level triggered a significant bounce, making it a prime entry point for a long position​. Performance : The long signal capitalized on the bounce from $25,000, leading to a max run-up of 80% as Bitcoin rallied. Holding positions on altcoins in confluence with this signal would have likely yielded at least twice of what was gained on Bitcoin. Cash Signal - January 15, 2024 Trade Outcome : Date : January 15, 2024 Signal : Cash💰 Market Context : Event : Early January saw a recovery in Bitcoin prices driven by positive macroeconomic signals, such as slowing inflation. However, regulatory pressures and market volatility prompted caution​​. This pullback was also likely due to the Bitcoin ETFs Launch having a "sell the news" narrative. Performance : The cash signal helped avoid drawdowns of up to -10.61% and even more on altcoins during a period of increased market uncertainty and regulatory challenges. Long Signal - January 30, 2024 Trade Outcome : Date : January 30, 2024 Signal : Long📈 Market Context : Event :The approval of Bitcoin spot ETFs in January 2024 significantly boosted market sentiment. This approval was a pivotal event, sparking a bullish trend right after a small retracement. Performance : The long signal leveraged the positive sentiment and regulatory clarity, benefiting from the ensuing price surge and experiencing a max run-up of almost 72% on Bitcoin. Cash Signal - April 13, 2024 Trade Outcome : Date : April 13, 2024 Signal : Cash💰 Market Context : Event :April 2024 witnessed mixed signals with regulatory updates and market corrections. The Financial Stability Board's new regulatory framework added to the cautious market sentiment​. And with added FUD coming from Iran's attacks on Israel, the prices of not just crypto but other assets such as stocks started to tumble. Performance : The cash signal once again helped sidestep market turbulence, preserving gains from earlier trades, essentially avoiding up to -11.51% of drawdowns. Long Signal - May 17, 2024 Trade Outcome : Date : May 17, 2024 Signal : Long📈 Market Context : Event :As of May 2024, the crypto market showed resilience with new institutional interest and advancements in blockchain technology. This renewed interest provided a solid foundation and confluence for a long position Performance : As the signal came in just 3 days ago as of writing, we will update on the performance of this signal at a later date. Conclusion The crypto trend model demonstrated robust performance by effectively navigating through various market conditions and key events. Each and every trade has been overwhelmingly successful, and the model's signals is expected to continue capitalizing on gains and avoid major drawdowns in the future. Stay tuned for more updates and detailed analyses on our crypto trend model's performance.
Long
by AlgoAlpha
4
BTC 24-Hour Upside Potential The 11 spot Bitcoin exchange traded funds (ETFs) approved in the US four months ago posted five days of consecutive inflows last week. Net inflows into the competing ETFs issued in Hong Kong three weeks ago have, however, been below expectations – a mere $228 million. In comparison, the US ETFs recorded inflows of $221 million on Friday, May 17, alone. The above-mentioned ETFs, with the exclusion of the decade old AMEX:GBTC (Grayscale’s Bitcoin trust that converted into an ETF) now hold 2.78 percent of Bitcoin’s current supply in circulation, Bitcoin.com reports. They together hold 548,557 Bitcoins. “Bitcoin’s institutional adoption is happening now,” Anthony Scaramucci, SkyBridge Capital’s founder told CNBC last week. He was Donald Trump’s spokesman for a short time during his presidency. A bullish sun shines over Bitcoin in the next 24 hours and one week horizon, signaling upside potential. Follow us for more crypto news and weather updates!
BITSTAMP:BTCUSDLong
by ATTMO
Swing & Day Trading Bitcoin LongsBitcoin is the cleanest uptrend of my watchlist right now. I'm looking to buy any weakness to $65,000. Daily RSI Crossover indicates we could be at the start of another bullish "cycle" providing a good risk reward opportunity. I'm preparing to execute aggressively if conditions require. Daily closes below $65,000 or sustained movement below $63,000 would invalidate this setup. Any trades upcoming this week will be posted below. Likes and Follows are appreciated
CME:BTC1!Long
by GrayTrader01
Bitcoin Range Theory - BTC thoughtsIf BTC rejects from range high here, it is plausible to look for lower time frame logical structural longs from the daily fvg level indicated. Mondays high could get retested as well so this is confluence to that point of interest. There is the chance that pull back never occurs. If the supply above range high is flipped then I am looking to get a nice continuation long off range high. Nothing is stopping price from moving up until at least 70.5k (imo)
Long
by trader_tim_
[BTCUSD] - the most important resistance in 1D chartin 1D chart BTC is still consolidating in falling wedge pattern...breaking out the upper side make btc trading above the green rectangular and it's just a matter of time to habben. Green rectangular is a most important zone in this chart...it represents a neck line of the inverse H&S pattern , 0.5 fib level , POC line , 50EMA 4 massive resistance in daily chart gathering in one area. JUST IMAGINE THAT BTC BROKEN THE GREEN RECTANGULAR AND TRADING ABOVE? stay alert... every time BTC get bullish it make fools of all bearish and make everyone buying too late. appreciating ur supporting with "like" and press "follow" for more updates, ideas🎯
BITSTAMP:BTCUSDLong
by ceciliones
19
BTC will see 100$#BTC has started an uptrend since 16oct2023 (30 weeks ago) and then reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024 . when Israel bombed Iran's consulate , tensions escalated and risky assets like BTC dropped , on the other hand safe assets like gold rose . after that , BTC retraced and found support the 38.2 Fibo level ( while tensions eased ) and now on weeky timeframe we see a pin bar and a strong bullish candle which is a sign that BTC continues uptrend ; but we should wait until Monday and see if last weekly candle would remain strong or not . if so , we would take profit at 161.8% (Fibo ext) level and 102.300$ or you can exit safely and earlier on 100$ .
Long
by Market-Analyzer
Bitcoin Bounces Back: Eyes on $74,000 After May 16 Surge Bitcoin (BTC) surprised many on May 16th with a sudden surge that brought its price close to $66,000. This bullish move followed a period of consolidation and came amidst a broader risk-asset rally triggered by positive economic data from the United States. While some analysts remain cautious, others see this jump as a potential springboard for further gains, with some even predicting a push towards $74,000. Positive Macro Data Fuels Risk-On Sentiment The key factor behind Bitcoin's recent price increase seems to be a shift in investor sentiment. The release of positive economic data from the U.S., indicating continued economic growth, sparked a risk-on environment across the markets. This meant investors were more willing to invest in riskier assets like Bitcoin, leading to the sudden price jump. Bitcoin Price Analysis: A Bullish Case Technical analysts are now scrutinizing the recent Bitcoin price action. The successful break above the $62,000 resistance level is a bullish signal, suggesting a potential continuation of the uptrend. Additionally, some analysts point to the fact that Bitcoin is currently trading above its 50-day and 200-day moving averages, further bolstering the bullish case. This positive sentiment is echoed by some prominent figures in the cryptocurrency space. Predictions are circulating that Bitcoin could reach $74,000 in the near future, with some even suggesting a potential price discovery phase beyond that. Doubts and Uncertainties Remain Despite the current optimism, some analysts remain cautious. The swiftness of the recent price increase has raised concerns about a potential correction. A pullback could occur if investors decide to take profits or if there's a sudden shift in market sentiment. Furthermore, the broader economic climate remains uncertain. Rising inflation and potential interest rate hikes by the Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin. Focus on Key Resistance Levels The coming days will be crucial for Bitcoin's price trajectory. If BTC can hold onto its gains above $62,000, it could pave the way for a test of the $68,000 resistance level. A decisive break above this level would significantly strengthen the bullish case and increase the possibility of reaching the much-anticipated $74,000 target. Long-Term Outlook: Still Bullish? While the short-term outlook for Bitcoin is uncertain, many analysts remain optimistic about the long-term prospects. The upcoming Bitcoin halving event in 2024, which will significantly reduce the number of new Bitcoins entering circulation, is expected to put upward pressure on the price in the long run. Furthermore, the increasing institutional adoption of Bitcoin continues to be a positive sign for its future. As more major financial institutions embrace Bitcoin, it could lead to increased demand and price appreciation. Conclusion: A Balancing Act for Bitcoin Bitcoin's recent surge is a positive development, but it's important to acknowledge the remaining uncertainties. The price will likely continue to be influenced by a combination of factors, including macroeconomic data, investor sentiment, and technical indicators. While some analysts predict a price discovery phase beyond $74,000, others remain cautious about the possibility of a correction. Close attention should be paid to how Bitcoin behaves in the coming days, particularly its ability to hold onto its gains and potentially overcome the key resistance levels. Ultimately, whether Bitcoin can maintain its upward momentum and reach new highs will depend on how these various factors play out in the near future. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC upside potential for the next 24 hours and one week ☀️Hundreds of firms disclosed investments in the spot Bitcoin ETFs With the first quarter earnings season coming to an end and the deadline for regulatory filings expiring, a slew of financial institutions have disclosed their equity and crypto holdings. Interest in the 11 exchange traded funds (ETFs) approved by the Securities and Exchange Commission (SEC) was high. At least 317 firms have disclosed investments in BlackRock’s NASDAQ:IBIT ETF, and at least 502 firms have disclosed investments in AMEX:GBTC , Grayscale’s Bitcoin trust that was converted into an ETF, CryptoSlate reports citing Fintel data. Bitcoin rallied to a three-week high above $66,000, Trading View’s Bitcoin chart shows. The sharp upturn triggered the liquidation short positions exceeding $100 million. The price of Bitcoin climbed 5.83 percent to $66,327 over the past 24 hours. ATTMO forecasts bullish sun to shine over Bitcoin in the next 24 hours, indicating upside potential. This bullish trading mood is set to continue across the board over a one-week time horizon. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Bitcoin - The halving breakout!Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending trendline - always rejecting towards the upside - and there is also a horizontal structure at the $67.000 level. Just don't get caught up in the short term moves. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSD
by basictradingtv
2
Bitcoin & Ethereum - Market Thought Just checked BTC and ETH again and escpecially ETH is playing out like wanted. The strenght over the last days was nothing not to note but we said it in our last report, we need to flip 64,2k on BTC and 3200$ on ETH to remain bullish in the long term. On BTC we are back to exactly 64,2k where we rejected multiple times now throughout the last weeks and on ETH we got the current quartarly VWAP coming in our way. There should come a correction of the past surge in the coming days but how far? Either we are coming down on BTC 62,7k, ~60k or even a new lower low to 55k. It is all not of the table so be cautios and always trade with stop losses if you are trading with leverage. A possible setup for BTC could be another drop into the 2H FVG and than a push upwards to the current level, this idea would be much stronger if we are getting a candle break over 64,3k else we could be witnessing the same sell off as the last time we tried to break this level and ended as an SFP. Moreover we are being slightly oversold in the RSI and on the edge of our monday high range, the coming days could get interesting
Long
by stromm_by_wmc
Bitcoin May 2023 Forecast - 12 Months of AccumulationThe chart is telling me that we could see the next 6-9 months slowly grind lower as the global economy enters recession. This will be a great opportunity to scale into long positions slowly for Bitcoin as we gear up for 2024-2025 bull run. If you can get an average price between FWB:21K - FWB:25K you will be nice and cozy in your position for the next two years. Upside target is between $100K-$250K for this next bull run. Please manage your risk carefully as this is truly the only thing that you can control. Best of luck. Blorenz
BNC:BLXLong
by Lorenz_Capital
BTCUSDT As you can see that btc on daily has made LL and LH again LL and LH and is now above its support , we have 2h support as mentioned in above picture, we have 3 probabilities; probability 1;if on daily btc closes above 64150 level , then we will wait for a retest again to 64k and can open a long/buy there which i think has minimal chances be cautious and don`t fight the trend Probabilty 2; on bearish side if we close below 60K on daily then we can play it in two ways; 1. close below 60K and touches 56300, we can buy/long and target will be 60k atleast 2. close below 60K and daily previous lows break too, then most probably we can see BTC coming to 52300 and then range formation , targeting again previous support (which will be resistance then) can be targeted which is 60300 and 64k
Long
by Cryptotradingcommunitybyhassan
Bitcoin - The bullrun is not over (yet)!Hello Traders and Investors, today I will take a look at Bitcoin . -------- Explanation of my video analysis: For more than five years Bitcoin has been trading in a solid rising channel formation. We saw the last retest of support in 2022 which was followed by a bullish reversal on the smaller timeframes and an incredible rally of 300% towards the upside. Considering that Bitcoin is now retesting previous resistance, it is quite likely that we will see a short term rejection first. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
ETH/BTC Ratio Slumps 30% as Bitcoin Flexes Market MuscleThe Ethereum (ETH) to Bitcoin (BTC) ratio has been on a downward spiral, recently dipping to 0.046 – a level last witnessed in April 2021 and briefly revisited in April 2024. This significant decline underscores Ethereum's current challenges in maintaining its position against Bitcoin's ever-growing dominance within the cryptocurrency market. Over the past year, the ETHBTC pair has shed an unsettling 30% of its value. Year-to-date losses are also concerning, exceeding 11%. These figures paint a worrying picture for Ethereum, raising questions about its future trajectory and potential to dethrone Bitcoin as the leading cryptocurrency. Several factors are likely contributing to this trend: • Bitcoin's Narrative Strength: Bitcoin continues to hold a strong narrative as "digital gold," a scarce, hedge-like asset favored by institutional investors seeking a store of value. This perception fuels its price stability and market dominance, particularly during periods of economic uncertainty. • Ethereum's Inflationary Concerns: Unlike Bitcoin's capped supply, Ethereum's issuance is not limited. This "inflationary" model has caused anxieties among some investors, who worry about potential price dilution in the long run. • The Ethereum Merge Looms: The highly anticipated Ethereum merge, transitioning from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, is still under development. Delays and uncertainties surrounding the merge's impact on Ethereum's scalability and efficiency might be keeping some investors on the sidelines. • Regulatory Landscape: Regulatory scrutiny surrounding the cryptocurrency market remains a concern. While clarity on regulations could benefit the entire industry in the long run, the current uncertainty might be discouraging some investors from entering the Ethereum market. • Alternative Layer 1 Blockchains: The emergence of alternative Layer 1 blockchains like Solana and Cardano offering faster transaction speeds and lower fees could be siphoning off some investor interest away from Ethereum. Is This the End for Ethereum? The current situation doesn't necessarily signal the end of Ethereum. It's crucial to remember that the cryptocurrency market is still young and highly volatile. Here are some reasons for optimism regarding Ethereum's future: • The Potential of DeFi: Ethereum remains the dominant platform for Decentralized Finance (DeFi) applications, a rapidly growing sector with immense potential to disrupt traditional financial services. Continued DeFi adoption could significantly boost Ethereum's utility and value. • The Merge's Promise: A successful merge to PoS could address scalability concerns and enhance Ethereum's environmental sustainability, potentially attracting more environmentally conscious investors. • Developer Ecosystem Strength: Ethereum boasts a robust and active developer ecosystem constantly innovating and building dApps (decentralized applications) on the platform. This strong developer base is a crucial asset for Ethereum's long-term growth. Looking Ahead: A Shifting Landscape The cryptocurrency market is constantly evolving, and the relationship between Bitcoin and Ethereum is likely to remain dynamic. While Bitcoin may retain its "digital gold" status for the foreseeable future, Ethereum's success will hinge on its ability to address scalability issues, deliver on the promises of the merge, and maintain its dominance in the DeFi space. Investors should carefully consider their risk tolerance and investment goals before making any decisions. Both Bitcoin and Ethereum represent high-risk, high-reward investment opportunities. A diversified portfolio across established and emerging cryptocurrencies might be a prudent approach for navigating the ever-changing digital asset landscape.
Short
by bryandowningqln
Potential Bitcoin Long on Weekly Stochastic RSI CrossoverBitcoin, the world's leading cryptocurrency, has experienced a volatile period in recent months. However, a technical indicator on the weekly timeframe is sparking potential buying opportunities for long-term investors. This indicator is the Stochastic RSI, and a recent or upcoming bullish crossover could signal a reversal in the downtrend. Understanding the Stochastic RSI The Stochastic RSI (Stochastic Relative Strength Index) is a technical momentum indicator that oscillates between 0 and 100. It measures the closing price of an asset relative to its price range over a specific period. In simpler terms, it indicates whether the asset is currently trading near the highs or lows of its recent price range. The Stochastic RSI consists of two lines: %K and %D. The %K line is the faster-moving average of the RSI, while the %D line is a slower-moving average of %K. A bullish crossover occurs when the %K line crosses above the %D line, suggesting a potential reversal from oversold conditions and a possible upswing in price. Why a Weekly Stochastic RSI Crossover Matters The weekly timeframe provides a broader perspective on price movements compared to daily or hourly charts. A bullish crossover on the weekly Stochastic RSI suggests a shift in momentum that could hold more weight than on shorter timeframes. This crossover can indicate that oversold conditions have been exhausted, and buyers are starting to take control. Current Bitcoin Situation and the Stochastic RSI By analyzing historical charts, we can see that the weekly Stochastic RSI for Bitcoin has fluctuated between oversold and overbought territories throughout its history. In previous instances, bullish crossovers on the weekly timeframe often coincided with periods of price accumulation and subsequent price increases. Is a Bullish Crossover Imminent? While it's impossible to predict the future with certainty, a potential bullish crossover on the weekly Stochastic RSI for Bitcoin is an interesting development to watch. If the crossover materializes and is accompanied by other positive indicators, it could signal a buying opportunity for long-term investors. Important Considerations Before Going Long on Bitcoin • Market Volatility: The cryptocurrency market remains highly volatile. Even with a bullish technical indicator, there's no guarantee of a sustained price increase. • Fundamental Analysis: Don't rely solely on technical indicators. Consider fundamental factors like regulations, adoption rates, and overall market sentiment when making investment decisions. • Risk Management: Always implement proper risk management strategies, such as stop-loss orders, to limit potential losses. Bitcoin is a high-risk investment, and investors should only allocate a portion of their portfolio that they can afford to lose. Conclusion A potential bullish crossover on the weekly Stochastic RSI for Bitcoin presents a glimmer of hope for long-term investors. However, it's crucial to remember that technical indicators are just one piece of the puzzle. A comprehensive investment strategy should also consider fundamental analysis and proper risk management. While the future remains uncertain, this technical development is worth keeping an eye on as Bitcoin continues to navigate a volatile market.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Channel AnalysisBullish scenario: $64000 is broken and run to $72000. If $72000 is broken, a bull flag formation occurs and 100k is reached. Bearish scenario: Rejection at $64000 and break of both price action support and moving average level at $60000. It drops up to $52000. Since it recovered quickly after the decline below 60k at the beginning of May, I think the bear scenario is not possible except in an extraordinary situation. But we should not forget to put our stops just in case. On the contrary, apart from these two scenarios, it is also possible for Bitcoin to fluctuate in the parallel channel between 73k - 60k.
Long
by YavuzAkbay